International

Capital / Liquidity

BCBS Proposes Revisions to Core Principles for Effective Banking Supervision

By Manesh Samtani | 06/07/2023

The amendments cover a wide range of topics, addressing climate, digitalisation, interest rate risk, cyber risk, counterparty credit risk, and bank culture.

Market Infrastructure

EBA Publishes Validation Requirements for Initial Margin Models

By Editors | 06/07/2023

The standards include a “pragmatic and simplified” supervisory procedure applicable to smaller counterparts as well as easier documentation, governance and outsourcing requirements.

AML / KYC

FATF to Bring “Fundamental Change” to Financial Crime Fight

By Karen Ng | 06/07/2023

FATF would scale up its fight against financial crime and bring comfort to victims through better asset recovery.

Capital / Liquidity

FSB, IOSCO Propose Tighter Rules for Open-ended Funds

By Manesh Samtani | 06/07/2023

The FSB and IOSCO are calling for greater and more consistent use of anti-dilution liquidity management tools in open-ended funds, such as swing pricing.

Market Infrastructure

WFE Launches Market Infrastructure Certification Programme

By Ranamita Chakraborty | 05/07/2023

The programme, which is equivalent to a master’s degree, will help mid-career bankers and regulatory professionals to deepen their knowledge of market infrastructures.

Big Picture

Model Risk Heightened in Current Credit Environment: BCBS

By Manesh Samtani | 05/07/2023

Model and data limitations are making it more difficult for banks to capture credit quality deterioration, which may lead to higher future bank losses and capital inadequacy, the BCBS says.

Enforcement

European Commission Proposes Rules to Enhance GDPR Enforcement Efficiency

By Editors | 04/07/2023

The GDPR Procedural Regulation aims to streamline cooperation between data protection authorities by harmonising some administrative procedures in cross-border cases.

ESG / Sustainability

Systemic, Firm, and Human Capital Implications of Climate Transition

By Siva Ramachandran | 04/07/2023

Siva Ramachandran and Phoebe Chan discuss the key implications of the global transition journey at the systemic, firm, and human capital levels.

Market Infrastructure

IOSCO Declares Certain Credit Sensitive Rates Non-Compliant

By Manesh Samtani | 04/07/2023

IOSCO’s statement comes after the final five settings of USD LIBOR were published for the last time on Friday, marking the end of a more than 50 year old benchmark.