INTERNATIONAL

Market Infrastructure

CCP Margin Models May Need Fine-tuning: BIS Paper

By Editors | 15/05/2020

Some CCP margin models underestimate market volatility because they rely on a short period of historical price movements from tranquil times, the paper says.

Big Picture

BIS Calls for Global Cooperation to Mitigate ‘Green Swan’ Risks

By Manesh Samtani | 14/05/2020

More global coordination is needed to foster change in methodologies and mindsets to deal with global green swan risks, says a new BIS paper.

AML / KYC

Industry Bodies Publish New Messaging Standard for Virtual Assets

By Editors | 13/05/2020

The messaging standard is aimed at helping virtual asset service providers comply with FATF requirements to collect and transfer originator and beneficiary information.

AML / KYC

Governments Failing to Stop Money Laundering: FATF Official

By Editors | 13/05/2020

Many countries have shown a last-minute commitment to tackling money laundering and a sudden uptick in investigations only because they faced an upcoming FATF evaluation.

Market Infrastructure

FS-ISAC Launches Cyber Threat Intelligence Exchange Platform

By Editors | 13/05/2020

The launch comes as cyber criminals look to leverage the uncertainty and panic around Covid-19 for financial fraud, scams, and other malicious activity.

Market Infrastructure

ICMA Publishes High-level Definitions For Sustainable Finance

By Editors | 12/05/2020

There is a need for convergence on terminology among markets participants, wider stakeholders, as well as policymakers and regulators, ICMA says.

Big Picture

All Firms Are Taking Steps to Align Compensation With Risk: FSB

By Manesh Samtani | 12/05/2020

Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.

Market Infrastructure

FMSB Review Highlights Data Risks in Wholesale FICC Markets

By Editors | 12/05/2020

The paper highlights the benefits of moving to a more centralised data strategy, including cost reduction, risk reduction, and the ability to better use data to drive value.

Big Picture

Regulatory Initiatives to Address Culture & Conduct Risk in Banking

By Editors | 11/05/2020

In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.