The framework will take effect from 1 January 2021. The additional regulatory requirements for D-SIBs have not yet been announced.
December 7, 2020BIS Innovation Hub, the Swiss National Bank, and SIX compared the feasibility of issuing a wholesale CBDC versus linking the existing payment system to a distributed ledger.
December 3, 2020The court enforceable undertaking requires Westpac to develop an integrated plan to address all major risk governance issues, covering both financial and non-financial risks.
December 3, 2020Achieving a smooth transition from LIBOR will require "significant efforts" from all stakeholders, RBI governor Shaktikanta Das said.
December 3, 2020The revised SPM accounts for holding companies established overseas and intermediate holding companies, including those that are unregulated or engaged in non-financial activities.
December 2, 2020The SFC found deficiencies in areas including oversight, internal controls, risk assessments, third party deposits, SoW/SoF checks, and sanctions screening, among others.
December 2, 2020MAS has prescribed a list of permissible non-financial businesses to ensure banks are not engaging in “high-risk non-financial business that do not bring strategic value to its core banking business”.
December 2, 2020Elliptic’s David Carlisle and Onchain Custodian’s El Lee discuss opportunities for the banking and cryptoasset industries to learn from one another in the fight against financial crime.
December 1, 2020The Code was developed by an industry working group of 28 commodity financing banks in consultation with trading firms and with the support of regulators.
December 1, 2020The new guidance is aimed at assisting entities in establishing necessary arrangements to mitigate conduct risk associated with the discontinuation of LIBOR.
December 1, 2020