INTERNATIONAL

AML / KYC

FATF Report Addresses ‘Global Threat’ of Illegal Wildlife Trade

By Manesh Samtani | 25/06/2020

The FATF calls for a coordinated response from public authorities, the private sector and civil society to identify and disrupt financial flows from illegal wildlife trade.

Market Infrastructure

Low-income Nations Make Progress on Sustainable Finance: SBN

By Editors | 25/06/2020

A study from the Sustainable Banking Network finds that sustainable finance has emerged as a pathway for low-income countries to de-risk investments and enable financial flows.

Fintech / Regtech

FMSB Issues Statement of Good Practice on Algo Trading

By Editors | 25/06/2020

The FICC Markets Standards Board sets out 10 Good Practice Statements for market participants and venue operators engaged in algorithmic trading in a new transparency draft.

Market Infrastructure

CBDCs Could Amount to ‘Sea Change’ for Payments: BIS

By Manesh Samtani | 24/06/2020

Covid-19 has highlighted unequal access to payment services for low-income and vulnerable groups. CBDCs present an opportunity to address this shortcoming.

Capital / Liquidity

BCBS Proposes Risk Weight Floor for NPL Securitisations

By Editors | 23/06/2020

The BCBS identified a gap in the regulatory framework for securitisations of non-performing loans, which it is seeking to address through a new technical amendment.

AML / KYC

APAC Banks Will Come Out Stronger Post Pandemic

By Greg Watson | 23/06/2020

Covid-19 has kickstarted a rush to digitisation. Changes not expected for another 5-10 years will now be seen over the next 18 months, says Fenergo’s Greg Watson.

AML / KYC

Green Crime: A Global Challenge Requiring a Global Response

By Editors | 17/06/2020

A coherent global response and unifying standards are needed to tackle illegal wildlife trade and environmental crime. Financial institutions have a crucial role to play.

Market Infrastructure

Best Practice for Tackling Shareholder Disclosure Rules

By Daniel Flatt | 16/06/2020

As regulators seek ways to protect domestic assets during this economic downturn, experts from Deloitte, BlackRock and AxiomSL outlined common-sense advice on how to handle rapid regulatory change.

Market Infrastructure

EC Proposes Simplified Approach to Supervising Non-EU CCPs

By Editors | 14/06/2020

Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on ‘comparable compliance’.