International

Trading & Investment

IOSCO Consults on Volatility Control Mechanisms

By Manesh Samtani | 09/03/2018

Consultation report include recommendations on monitoring, record-keeping, disclosures on trigger mechanisms and cross-jurisdictional communication for dual-listed securities.

KYC & CDD

New Initiative to Help Boost Correspondent Banking Relationships

By Editors | 08/03/2018

Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.

Emerging Prudential Risks

FSB Report Reveals Scale of Shadow Banking Risks

By Manesh Samtani | 08/03/2018

Global shadow banking activities rose 7.6 percent to $45.2tn in 2016, representing 13 percent of total financial system assets; China contributed $7tn to the measure.

Conduct, Culture & Accountability

Profitability through Compliance Technology: Dreaming the Impossible Dream

By Peter Guy | 05/03/2018

Large technology investments to improve compliance performance have not yielded desired results almost ten years after the global financial crisis.

Capital Adequacy

BCBS Issues Basel III Disclosures Consultation

By Samuel Riding | 28/02/2018

Requirement that banks disclose capital ratio which would trigger restrictions on capital distribution will be at the discretion of individual regulators.

Trading & Investment

IOSCO Issues Guidance on Conflicts of Interest in Equity Offerings

By Editors | 24/02/2018

Recommendations developed by group of regulators including ASIC, Hong Kong’s SFC and Japan’s FSA.

Fraud, Scams & Cybercrime

RBI Under Fire for Failure to Detect $1.8bn Loan Fraud

By Manesh Samtani | 21/02/2018

Central bank audits failed to detect loan fraud using Punjab National Bank guarantees for over seven years; overseas branches which granted loans also under scrutiny.

Trading & Investment

IOSCO Calls for Clampdown on OTC Leveraged Products

By Manesh Samtani | 16/02/2018

New report urges enhanced risk disclosures, leverage limits and curbs on mis-selling; cites studies showing most investors in OTC leveraged products lose money.

Structural Regulation

Indian Exchanges Suspend Overseas Index Trading

By Editors | 12/02/2018

BSE, NSE, MSEI to stop issuing market data licenses to foreign exchanges in a bid to halt migration of liquidity from India.