INTERNATIONAL

    Capital / Liquidity

    Decisions on Exiting Regulatory Relief Present Financial Stability Risk

    By Manesh Samtani | 11/08/2020

    As long as regulatory relief measures remain in the prudential framework, credit risks will continue to mount on bank balance sheets, presenting risks to financial stability.

    AML / KYC

    Wolfsberg Group Issues Guidance on SoW, SoF Checks

    By Editors | 09/08/2020

    The guidance outlines instances where Source of Wealth and Source of Funds information may need to be independently corroborated, and what to do if relevant standards are not met.

    Market Infrastructure

    BCBS Proposes Principles to Promote Operational Resilience at Banks

    By Manesh Samtani | 06/08/2020

    The principles aim to increase bank resilience to operational risk shocks, such as those arising from pandemics, cyber incidents, technology failures and natural disasters.

    AML / KYC

    Interpol Reveals ‘Alarming Rate’ of Cyberattacks During Covid-19

    By Editors | 04/08/2020

    Interpol warns that a further increase in cybercrime is highly likely in the near future, citing vulnerabilities related to working from home.

    Securities / Derivatives

    Shadows of Crises Past: Margin Calls Strain Financial Markets

    By Purtini Joshi | 04/08/2020

    March and April volatility exposed operational inefficiencies for trading counterparties that have yet to automate their collateral management processes, says DTCC’s Purtini Joshi.

    Big Picture

    FMSB Publishes Spotlight Review on Market Surveillance

    By Sanday Chongo Kabange | 04/08/2020

    The Spotlight Review looks at current and future challenges that FICC market participants face in market surveillance and the impact of machine learning.

    Fintech / Regtech

    The Impact of Covid-19 on Fintech: Call for Response

    By Editors | 04/08/2020

    The Cambridge Centre for Alternative Finance, World Bank Group and World Economic Forum are calling for input on the impacts of Covid-19 on the fintech industry.

    Market Infrastructure

    IMF Publishes New Transparency Code for Central Banks

    By Editors | 03/08/2020

    The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.

    Big Picture

    Credit Stress Tests Critical to Safeguarding CCPs

    By Editors | 03/08/2020

    Stress testing is a crucial tool within a CCP’s toolbox for ensuring the stability, safety, and resilience of the financial market, says a new paper from CCP12.

    ESG / Sustainability

    Culture Audits: Removing the Blindfold

    By Stephen Scott | 03/08/2020

    To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.

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