INTERNATIONAL

AML / KYC

Facebook’s Libra – An Enabler of Money Laundering?

By Charles Delingpole | 26/06/2019

Regulators need to get up to speed with Facebook’s stablecoin technology so they can assess how it mitigates money laundering risks and where its weaknesses lie, says ComplyAdvantage CEO Charles Delingpole.

Capital / Liquidity

Benefits of Stronger Capital Exceed Potential Output Costs

By Editors | 26/06/2019

The FSB and BCBS have issued reports assessing the net economic impact of stronger capital and liquidity reforms and the macroeconomic implications of transitioning to full implementation.

Fintech / Regtech

Regulatory Coordination Needed to Mitigate BigTech Risks: BIS

By Editors | 25/06/2019

An element of risk is BigTechs’ access to data from existing social media, search engines and ecommerce platforms, which raises competition and data privacy issues.

Big Picture

Buy-Side to Provide Stability in Bond Market Stress: IOSCO

By Manesh Samtani | 24/06/2019

Intermediaries and banks are less likely to provide liquidity during times of stress because of post-crisis changes in regulation and risk appetite.

Capital / Liquidity

BCBS Issues Report on Pillar 2 Supervisory Review Practices

By Editors | 24/06/2019

The report describes the key concepts of Pillar 2 and the different practices in use across Basel Committee member jurisdictions.

AML / KYC

Hong Kong AML/CFT Regime Under FATF Spotlight

By Ralph Cunningham | 24/06/2019

The report on the APG-FATF joint assessment is expected to be published in September, and show that Hong Kong still has some work to do.

AML / KYC

FATF Adopts Global AML/CTF Standards for Crypto Activity

By Manesh Samtani | 24/06/2019

The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.

Capital / Liquidity

BCBS Agrees to Revise Leverage Ratio, Disclosure Requirements

By Editors | 21/06/2019

Margin received from clients allowed to offset cleared derivatives exposure used to calculate leverage ratio. New disclosure requirements will address leverage ratio window dressing.

Market Infrastructure

FMSB Issues Draft Good Practice Statements on Conflicts of Interest

By Editors | 21/06/2019

The FICC Markets Standards Board provides new guidance to help market participants identify, prevent, manage and mitigate conflicts of interest.