International

Big Picture

Major Banks’ Fee-based Revenue at Risk – Study

By Editors | 11/03/2020

Increased regulatory pressure and growing competition from new players could cost incumbent banks 5% of their revenue over the next 3-5 years, says a new report from Accenture.

AML / KYC

Terrorist Financing Threat Requires More Effective Response

By Editors | 10/03/2020

The current approach to terrorist financing is one-dimensional, overly simplistic and outdated, says a new paper from RUSI’s Centre for Financial Crime and Security Studies.

Capital / Liquidity

25 Years Since Barings Collapse: What Has Changed?

By Peter Guy | 09/03/2020

Peter Guy explores whether regulation, compliance and financial technology have improved risk management in the 25 years since Barings Bank’s spectacular crash.

AML / KYC

FATF Issues Guidance Paper on Digital Identity Systems

By Editors | 07/03/2020

The guidance recommends a risk-based approach which relies on a set of assurance frameworks and technical standards for digital ID systems.

Big Picture

IIF Calls for Global Alignment of Sustainability Efforts

By Editors | 06/03/2020

The IIF paper says fragmentation around climate risk assessment has emerged in the areas of prudential regulation and supervision, market and conduct regulation, taxonomy and disclosure.

AML / KYC

Trade Misinvoicing a ‘Persistent Problem’ in Developing Countries

By Editors | 05/03/2020

Think tank Global Financial Integrity found $8.7tr in misinvoiced trade in the ten years from 2008 to 2017. Trade misinvoicing is one of the largest components of global illicit financial flows.

Market Infrastructure

Central Banks Act to Mitigate Covid-19 Economic Threat

By Editors | 04/03/2020

The HKMA has responded to the US rate cut with a cut of its own. The RBA and BNM have also cut their key policy rates, while the BOJ focuses on asset purchases.

Market Infrastructure

Covid-19 Presents Greatest Economic Danger Since GFC: OECD

By Editors | 03/03/2020

The OECD recommends providing banks with liquidity to allow them to help companies with cash-flow problems, and to consider reducing reserve requirements.

Market Infrastructure

SWIFT Reports Near Doubling of Year-on-year gpi Traffic

By Editors | 03/03/2020

Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi, with the majority of transactions credited to end beneficiaries within 30 minutes or less.