INTERNATIONAL

AML / KYC

FATF Issues Best Practice Paper on Beneficial Ownership

By Editors | 29/10/2019

FATF mutual evaluations have shown that many jurisdictions are still finding it challenging to ensure transparency of ownership of legal persons.

AML / KYC

It’s Time to Reform and Refocus the FATF

By Tom Keatinge | 27/10/2019

The FATF’s responsibilities and the efficiency and effectiveness of its evaluation process must be reassessed, says RUSI’s Tom Keatinge.

Market Infrastructure

Regulatory Data: Arrows for the Quiver?

By Hannah Cassidy | 25/10/2019

Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.

Big Picture

Effective Governance, Regulation Can Mitigate Cyber Risk: Moody’s

By Manesh Samtani | 25/10/2019

Regulators can help to mitigate the cyber threat by promoting contingency planning in banking and enabling information sharing among banks and regulators.

Fintech / Regtech

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Market Infrastructure

ISDA Publishes Final Results of IBOR Pre-Cessation Consultation

By Manesh Samtani | 22/10/2019

The consultation did not yield a consensus among market participants regarding how to address pre-cessation issues related to a benchmark’s nonrepresentativeness.

Securities / Derivatives

NGFS Publishes Guide to Sustainable Investing for Central Banks

By Editors | 21/10/2019

The guide identifies the five most common ‘sustainable and responsible investment’ strategies used in central bank portfolio management.

Capital / Liquidity

BCBS Releases 17th Progress Report on Basel III Adoption

By Editors | 21/10/2019

Since the previous report, member jurisdictions have made the most progress in adopting the NSFR, IRRBB, and large exposures framework.

Fintech / Regtech

G20 Finance Leaders Agree to Regulate Stablecoins

By Editors | 21/10/2019

Amid warnings from the FSB and FATF, the G20 finance leaders have agreed that no stablecoin project should commence operation until their risks are evaluated and appropriately addressed.