International

Fintech / Regtech

Moody’s Explores Credit Implications of Cyber Risk

By Manesh Samtani | 06/03/2019

Banks are at high risk because they hold the data and funds of private clients, and provide access to their services through multiple online and digital channels, says Moody’s Investors Service.

Market Infrastructure

Are We Ready for the Next Financial Crisis?

By Adrien Vanderlinden | 05/03/2019

DTCC’s Adrien Vanderlinden explores the biggest threats to financial stability 10 years after the financial crisis, and how Asia is responding to potential cyber-threats.

Market Infrastructure

Urgent Action Needed on UK Trading Venue Equivalence

By Manesh Samtani | 05/03/2019

ISDA, FIA and eight other industry bodies warn of the disruptive impact that would result if urgent action is not taken by EU authorities to recognise UK derivatives trading venues.

Market Infrastructure

EU Policymakers Agree on Two Years Grace for BMR Compliance

By Manesh Samtani | 01/03/2019

Policymakers have agreed to give administrators of ‘critical’ EU and ‘non-critical’ non-EU benchmarks two more years to comply with the Benchmark Regulation.

AML / KYC

FATF Gets Tough on Virtual Assets and Their Service Providers

By ComplyAdvantage | 27/02/2019

If the FATF Interpretive Note is adopted, virtual assets and their service providers could fall under the same level of regulatory scrutiny as seen in traditional banking, says ComplyAdvantage.

Capital / Liquidity

FSB Explores Effects of Regulatory Reform on SME Financing

By Editors | 27/02/2019

The FSB is seeking feedback on observed trends and drivers in SME financing, and whether regulatory reforms such as Basel III have affected financing to SMEs.

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The FATF is consulting on draft guidance on the application of a risk-based approach to AML/CFT in the legal, accountancy, and trust and company service providers sectors.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