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AML / KYC
Urgent Action Needed to Prevent Misuse of Virtual Assets – FATF
By Manesh Samtani | 23/10/2018
There is an urgent need for all jurisdictions to take coordinated action to prevent the use of virtual assets for crime and terrorism, the FATF said.
Market Infrastructure
Banks Team Up to Develop Digital Trade Finance Network
By Manesh Samtani | 23/10/2018
The ‘Trade Information Network’ is expected to be production-ready by Q3 2019, representing the “first inclusive global multi-bank, multi-corporate network in trade finance”.
Capital / Liquidity
Basel Invites Feedback On Leverage Ratio Reform
By Garima Chitkara | 19/10/2018
The Basel Committee is inviting feedback on the approach to reforming the leverage ratio as it applies to client cleared derivatives.
Market Infrastructure
DLT Can Process Peak Equity Trading Volumes – DTCC
By Manesh Samtani | 18/10/2018
The results of the study prove that distributed ledger technology’s performance can scale to meet the needs of markets of different sizes and maturity, says DTCC’s Murray Pozmanter.
Market Infrastructure
G7 Publishes ‘Fundamental Elements’ for Financial Sector Cyber Resilience
By Editors | 17/10/2018
These include a guide for assessing cyber resilience through threat-led penetration testing, and best practices for managing cyber risk posed by third parties.
Big Picture
ISDA Publishes Updated Template for Close-Out Netting Legislation
By Manesh Samtani | 17/10/2018
Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the “single most important risk mitigation tool in derivatives markets”.
Market Infrastructure
SWIFT gpi Analytics Tool to Improve Payments Optimisation
By Editors | 05/10/2018
New analytics tool will provide gpi members with actionable business intelligence and enable a better understanding of end-to-end payment flows.
Fintech / Regtech
Financial Institutions on Digitalisation Journey Should Look Within
By Arnaud Picut | 05/10/2018
With digitalisation becoming a mainstay concept, it’s time for financial institutions to rethink and take a holistic view on their digital transformational journeys.
Capital / Liquidity
G-SIBs Meeting Minimum Capital Levels Under Basel III
By Garima Chitkara | 05/10/2018
Basel Committee semi-annual bank monitoring report found that most banks, including all the large G-SIBs were meeting their capital requirements.
Market Infrastructure
BSE’s India INX Enables Access to CME Group of Exchanges
By Editors | 05/10/2018
New ‘Global Access’ platform enables access to cash and derivatives markets on international exchanges; connectivity with CME Group exchanges already established.
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