INTERNATIONAL

AML / KYC

FATF to Develop Guidance on Disrupting Illegal Wildlife Trade

By Editors | 26/11/2019

Under its Chinese presidency, the FATF has made it a priority to help countries target money and criminal networks involved in the illegal wildlife trade.

Capital / Liquidity

FSB Adds Toronto Dominion to G-SIBs List

By Editors | 23/11/2019

The addition of Toronto Dominion to the list brings the overall number of G-SIBs from 29 to 30. Deutsche Bank was moved to a lower bucket within the list.

Market Infrastructure

FSB Urges ISDA to Embed LIBOR Pre-Cessation Trigger in Definitions

By Garima Chitkara | 21/11/2019

The FSB says a pre-cessation trigger should be added alongside a cessation trigger as standard language in definitions for both new and outstanding derivatives contracts.

Market Infrastructure

EP Association Adopts 4th Iteration of ‘Equator Principles’

By Editors | 21/11/2019

DBS becomes the newest of 101 financial institutions to adopt the ‘Equator Principles’, a globally recognised framework for determining, assessing and managing environment and social risk in project finance.

Fintech / Regtech

BCBS Examines Evolution, Risks of Open Banking

By Editors | 20/11/2019

While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.

Market Infrastructure

ISDA Publishes Consultation Results on Benchmark Fallback Parameters

By Editors | 18/11/2019

The majority preferred a historical median spread adjustment with a five year lookback period, and a two-banking-day backward shift adjustment for the compounded setting in arrears rate.

Capital / Liquidity

FSB Prioritises CCP Resilience, Resolvability in Policy Work

By Editors | 15/11/2019

The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.

Capital / Liquidity

BCBS Consults on Pillar 3 Disclosure for Market Risk, Sovereign Exposures

By Editors | 15/11/2019

The first consultation sets out adjustments to Pillar 3 templates to reflect the revised market risk framework; the second consults on voluntary disclosure templates for banks’ sovereign exposures.

Market Infrastructure

New Supervisory Framework for Internationally Active Insurers

By Editors | 15/11/2019

The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.