International

Big Picture

FRTB Will Turn Banks Away from Fund Investment Activity

By Manesh Samtani | 13/01/2022

The FRTB treatment of equity investments in funds is “excessively conservative” and could prompt banks to reduce their activity in the sector, ultimately weakening the market.

Big Picture

Policy Reforms Needed for Platform-based Financial Services: BIS

By Sanday Chongo Kabange | 13/01/2022

A BIS paper says platform-based business models can lower costs and aid financial inclusion, but they can also give rise to digital monopolies and oligopolies.

Crypto / Digital Assets

BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems

By Editors | 13/01/2022

In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.

Big Picture

WEF Calls for Global Coordination to Address Emerging Risks

By Sanday Chongo Kabange | 12/01/2022

The climate crisis, growing social divides, heightened cyber risks, an uneven global recovery and competition in space were cited as key risks.

Big Picture

FSB Publishes Papers on Insurer Resolution Planning

By Sanday Chongo Kabange | 12/01/2022

The FSB requests feedback on two papers that seek to address issues for insurers related to resolution planning and interconnectedness.

AML / KYC

DPRK Sanctions Evasion Not Being Captured by Regulation

By Manesh Samtani | 07/01/2022

Gatekeeper professions play an important role in facilitating North Korean sanctions evasion, RUSI says in a new paper.

Securities / Derivatives

CCB Issues First Green Bond Under Common Ground Taxonomy

By Editors | 03/01/2022

$500mn worth of floating rate senior green notes were issued by China Construction Bank’s Macau branch using the China-EU Common Ground Taxonomy.

AML / KYC

Trade Misinvoicing a Persistent Problem Across Nations: GFI

By Manesh Samtani | 22/12/2021

GFI says countries need to make trade misinvoicing illegal at the national level and strengthen law enforcement capacities of customs authorities.

Market Infrastructure

‘SOFR First’ Concludes with Publication of User Guide

By Editors | 21/12/2021

The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.