INTERNATIONAL

AML / KYC

FATF Consults on Risk-Based Approach for Professional Services

By Editors | 27/02/2019

The FATF is consulting on draft guidance on the application of a risk-based approach to AML/CFT in the legal, accountancy, and trust and company service providers sectors.

Capital / Liquidity

More CCP Capital Leads to More Prudent Risk Management – BIS Paper

By Manesh Samtani | 26/02/2019

For-profit CCPs have incentives that are misaligned with financial stability, typically holding less capital and requiring less from clearing members than is optimal, says a BIS working paper.

AML / KYC

AML Beyond Banking: The Increasing Scope of Global AML Regulation

By Claus Christensen | 20/02/2019

Increased transparency in the banking sector has made other avenues for money laundering gain greater prominence, writes Claus Christensen at Know Your Customer Ltd.

Market Infrastructure

SWIFT Publishes Counterparty Cybersecurity Risk Guide

By Editors | 19/02/2019

The guide assists organisations in incorporating their counterparties’ cybersecurity self-attestation data into their risk management frameworks and governance models.

Market Infrastructure

IOSCO Members, ESMA Can Exchange Information Post-GDPR

By Editors | 15/02/2019

A decision by the European Data Protection Board will enable the continued sharing of information between ESMA and securities regulators outside the EU, in compliance with GDPR.

Fintech / Regtech

BigTechs, Outsourced Services Pose Financial System Risk – FSB

By Manesh Samtani | 14/02/2019

The FSB warns that BigTechs can achieve scale in finance very quickly, raising competitive pressures on incumbents. Rising dependencies on third-party services also present risks.

AML / KYC

Data Privacy, Cybersecurity, Conduct in Focus in APAC

By Manesh Samtani | 14/02/2019

Data privacy, conduct & culture, cybersecurity and AML will be in focus in APAC for the next three years, according to a new report from Fenergo.

Market Infrastructure

Implementation of Secondary Market Principles “Generally High” – IOSCO

By Editors | 13/02/2019

IOSCO has identified some gaps in the implementation of its ‘Secondary and Other Market Principles’, particularly in nascent and emerging market jurisdictions.

Market Infrastructure

FSB Details Work Programme for 2019

By Manesh Samtani | 13/02/2019

In addition to identifying emerging risks, the FSB will focus on finalising, operationalising and monitoring the implementation of post-crisis reforms.