International

Supervision & Enforcement

BCBS Publishes Study on Early Supervisory Intervention Practices

By Editors | 03/04/2018

Intervention action should be taken to correct unsafe or unsound banking practices before rules and buffers are materially breached.

Anti-Money Laundering

Sri Lanka Investigating “Suspicious” Chinese-held Bank Accounts

By Garima Chitkara | 02/04/2018

Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.

Capital Adequacy

Decline of the House of Basel

By Peter Guy | 26/03/2018

The Basel regime has shown itself to be incomplete and not universally applicable. With the Trump administration seeking to allow a return to proprietary trading, profound implications for global banks’ risk management are only just beginning to surface.

Market Risk

Basel Committee Revises Capital Rules Under FRTB

By Manesh Samtani | 25/03/2018

Proposals include enhanced risk sensitivity and reduced risk weights for standardised approach; eased assessment process for internal models.

Cybersecurity

Systemically Damaging Cyber-attack Inevitable – DTCC

By Manesh Samtani | 21/03/2018

White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.

Anti-Money Laundering

Supervisory Flaws Hurting Remittance Providers – FSB

By Manesh Samtani | 19/03/2018

Report says AML/CTF and other supervisory shortfalls limit remittance providers’ access to banking services; makes 19 recommendations to address barriers.

KYC & CDD

FSB Reports Progress on Correspondent Banking Decline

By Manesh Samtani | 19/03/2018

Report discusses strengthening due diligence tools to support correspondent banking relationships and improved monitoring.

CBDCs

BIS, CPMI Report Outlines Dangers of Central Bank Digital Currencies

By Manesh Samtani | 14/03/2018

Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.

Capital Adequacy

Basel Committee Publishes Follow-up Reports on Basel III Implementation

By Manesh Samtani | 13/03/2018

The Committee also published an assessment handbook and self-assessment questionnaire to help member jurisdictions prepare for future RCAP assessments.