INTERNATIONAL

AML / KYC

JP Morgan Becomes Global LEI System’s First Validation Agent

By Editors | 19/11/2020

JP Morgan issued the first LEI under the new Validation Agent model with LEI issuer, Business Entity Data, a wholly-owned subsidiary of DTCC.

Capital / Liquidity

Progress of G-SIBs Toward Resolvability Deemed Satisfactory: FSB

By Editors | 19/11/2020

Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.

ESG / Sustainability

Exchanges to Support Investor Need for Climate Disclosures: UN SSE

By ESG Investor | 18/11/2020

The United Nations Sustainable Stock Exchange is looking to publish climate-related reporting guidelines next year.

ESG / Sustainability

FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead

By Manesh Samtani | 17/11/2020

In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.

Capital / Liquidity

FSB Finalises Guidance on Assessing CCP Financial Resources

By Editors | 16/11/2020

The guidance will support jurisdictions and authorities in determining whether there is a gap in the resources and tools available for CCP resolution.

Market Infrastructure

Ransomware Attacks Present a Growing Threat to FIs: FS-ISAC

By Editors | 15/11/2020

Even with robust cybersecurity programmes, large institutions are vulnerable to attacks through third-party suppliers. Smaller institutions are at even greater risk.

Capital / Liquidity

Pandemic Was ‘First Major Global Test’ of Post-Crisis Reforms: FSB

By Editors | 15/11/2020

The pandemic raised questions of whether the flexibility provided in the Basel framework is actually used by FIs, for example in the case of bank capital and liquidity buffers.

ESG / Sustainability

OECD, UNDP Launch Plan to Align Global Finance with SDG Goals

By ESG Investor | 15/11/2020

According to new research from Standard Chartered, SDGs are not getting the investment needed to meet the targets by 2030.

Big Picture

DTCC Paper Offers Guidance on Cloud Adoption in Financial Services

By Editors | 13/11/2020

The paper suggests the establishment of a principles-based, harmonised regulatory framework to better support adoption of cloud services by financial institutions.