INTERNATIONAL

AML / KYC

Financial Secrecy Index Ranks Hong Kong, Singapore in Top Five

By Manesh Samtani | 02/03/2020

The Tax Justice Network has released its 2020 rankings of jurisdictions according to their secrecy and the scale of their offshore financial activities.

AML / KYC

Financial Quarantine: Understanding FATF’s Call for Action on Iran

By Nick Turner | 02/03/2020

Nick Turner at Steptoe & Johnson explains the implications of the FATF’s recent decision to return Iran to its so-called ‘blacklist’.

Market Infrastructure

WFE: Exchanges, CCPs Implementing Advanced, Embedded ERM

By Editors | 01/03/2020

Market infrastructures – exchanges and CCPs – are implementing advanced and embedded enterprise risk management right across their organisations, the WFE says.

Market Infrastructure

ICMA Publishes High-Level Guidance on IBOR Transition

By Editors | 01/03/2020

The ‘Quick Guide’ provides a high-level overview of 11 key areas relating to the transition from IBORs (including LIBOR) to risk free rates in the international bond market.

Market Infrastructure

Trade Bodies Publish EMIR Reporting Best Practices Matrix

By Editors | 01/03/2020

The best practice matrix is aimed at providing an agreed and standardised market guide for firms to use to comply with EMIR trade reporting requirements.

Capital / Liquidity

BIS Seeks Integration of Climate Risk in Prudential Framework

By Manesh Samtani | 01/03/2020

At a recent BIS meeting, participants discussed how existing risk management requirements for banks and insurers could be adjusted to capture climate risk exposures.

AML / KYC

Six Key Ingredients for e-KYC Utility Success

By Niall Twomey | 28/02/2020

Fenergo’s Niall Twomey outlines a recipe for e-KYC Utility success, based on research of previous attempts in the marketplace, and looking at current initiatives being explored globally.

Capital / Liquidity

BCBS Clarifies Capital Treatment of Amended LIBOR Contracts

By Editors | 28/02/2020

Capital instruments amended solely to implement benchmark reforms will not be treated as new instruments for the purpose of assessing their eligibility as Tier 1 and Tier 2 instruments.

Market Infrastructure

ISDA Launches New Consultation on Pre-cessation Fallbacks

By Editors | 25/02/2020

ISDA seeks input on whether to add a pre-cessation trigger to the permanent cessation fallbacks it is implementing for LIBOR in its standard documentation.