INTERNATIONAL

Big Picture

DTCC Calls For Coordinated Effort on DLT Security Framework

By Editors | 14/02/2020

DTCC is calling for a cross-sectoral, coordinated strategy around the development of a principles-based framework to identify and address DLT-specific security risks.

Capital / Liquidity

Better Supervision Associated with Lower Operational Risk: BIS Paper

By Manesh Samtani | 14/02/2020

Banks take an average 251 days to discover the occurrence of operational loss events, and 184 days to move from discovery and recognition, according to a new BIS paper.

Crypto / Digital Assets

IOSCO Offers Guidance on Regulating Crypto-asset Trading Platforms

By Editors | 14/02/2020

The report provides a toolkit of possible measures for key considerations relevant to authorities for regulating crypto-asset trading platforms.

Market Infrastructure

IMF, MAS Offer Guidance on Assessing Cyber Risk

By Manesh Samtani | 12/02/2020

A new IMF-MAS paper presents data sources and methods that can be used to analyse and assess cyber risk, illustrated with applications to Singapore.

AML / KYC

Technology Building Blocks that Enable Real-Time KYC

By Greg Watson | 11/02/2020

Every financial institution has a digital transformation agenda. But what does that really mean? In this post, we look at the why, and more importantly, the how of pursuing a Digital KYC model.

Fintech / Regtech

AI Expected to Become Key Business Driver in Two Years – Survey

By Editors | 11/02/2020

The Cambridge Centre for Alternative Finance and World Economic Forum, with support from EY and Invesco, shed light on the evolving landscape of AI-enabled financial services.

Capital / Liquidity

BIS Paper Identifies Sources of Regulatory Fragmentation in Banking

By Editors | 09/02/2020

The paper points to varying asset valuation practices, which impact measurements of banks’ regulatory capital, along with Pillar 1 and Pillar 2 implementation differences.

ESG / Sustainability

FSAP Stress Tests to Prioritise Climate Risk Assessments: IMF

By Manesh Samtani | 08/02/2020

The IMF is adding climate-related factors to its existing stress-testing methodology to help government and private-sector leaders prepare for potential financial shocks.

AML / KYC

RUSI-ACAMS Survey Reveals Proliferation Finance Implementation Gaps

By Manesh Samtani | 08/02/2020

A global survey of sanctions professionals reveals a lack of industry awareness of proliferation finance risks, and a lack of focus on this area in compliance programmes.