INTERNATIONAL

AML / KYC

FFIS Charts Growth of Public-Private Partnerships in New Report

By Manesh Samtani | 19/08/2020

Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.

AML / KYC

WWF, ACAMS Launch New Initiative Targeting Illegal Wildlife Trade

By Editors | 18/08/2020

The partnership seeks to bridge gaps in the financial systems that criminals exploit to move, hide and launder the proceeds of the illegal trade in wildlife.

AML / KYC

UN Security Council Rejects Extension of Iran Arms Embargo

By Editors | 18/08/2020

The UN Security Council has rejected a US resolution to extend an international arms embargo on Iran due to expire on 18 October.

Capital / Liquidity

Global Lockdowns Could Accelerate BCBS 239 Compliance

By John Berven | 17/08/2020

BCBS 239 implementation progress has veered off course at some banks as a result of the Covid-19 crisis, prompting a need for reassessment, says John Berven at Solidatus.

Market Infrastructure

FSB Publishes Information Gathering Template on FMI Access

By Editors | 16/08/2020

The template will streamline the process of gathering information about access to clearing, payment, settlement, custody and other FMI services in cases where firms need to be resolved.

Capital / Liquidity

Bank Capital in a Public Health Crisis: Reflecting on Twin Challenges 

By Jamie Lloyd Evans | 16/08/2020

Industry veteran Jamie Lloyd Evans discusses Basel III in light of concerns regarding capital adequacy and bank lending, and offers some thoughts on potential design improvements to the capital framework.

AML / KYC

Wolfsberg Group Outlines Steps to AML/CTF Effectiveness

By Manesh Samtani | 13/08/2020

FIs should consider adopting technology such as AI and machine learning more widely. The Wolfsberg Group “strongly encourages” participation in PPPs.

Market Infrastructure

StanChart to Move Core Systems to Cloud in 3 Years

By Editors | 12/08/2020

Core banking and trading systems, and new digital ventures such as virtual banking and banking as-a-service, will be cloud-based by 2025 subject to regulatory approvals.

Securities / Derivatives

IOSCO Outlines Key Elements of Effective Market Making Programmes

By Editors | 11/08/2020

The key elements may help promote the provision of liquidity, strengthen investor confidence, and foster fair and efficient markets, IOSCO says.