International

Market Infrastructure

FSB Urges More Progress on CCP Resolution Regimes

By Garima Chitkara | 20/11/2018

Progress to enhance the resolvability of SIFIs is advanced in the banking sector, but most jurisdictions do not yet have a comprehensive resolution regime for CCPs in place.

Market Infrastructure

MAS, Central Banks Explore Alternative Models for Cross-Border Payments

By Manesh Samtani | 20/11/2018

The central banks of Singapore, Canada and England jointly released a report discussing emerging opportunities for digital transformation in cross-border payments.

Capital / Liquidity

Royal Bank of Scotland Removed From G-SIB List

By Garima Chitkara | 19/11/2018

The Financial Stability Board has added France’s Groupe BPCE to its 2018 list of global-systemically important banks and removed RBS and Nordea.

Crypto / Digital Assets

Regulation Asia Awards for Excellence 2018 – Results Announcement

By Editors | 16/11/2018

Regulation Asia held its first ever Awards ceremony on 13 November to recognise technology companies, legal and consulting firms, and exchanges that have helped shape the regulatory landscape in Asia Pacific over the past year.

Market Infrastructure

DTCC Enters Test Phase on DLT Project for Credit Derivatives

By Manesh Samtani | 08/11/2018

The initiative to re-platform DTCC’s Trade Information Warehouse will “revolutionise the derivative industry’s credit market infrastructure”, says DTCC’s Chris Childs.

AML / KYC

FATF Issues Guidance on Securities Sector Risk-based Approach

By Editors | 02/11/2018

The guidance supports the design and implementation of the risk-based approach for securities products and services, which can create opportunities for criminals to launder proceeds of crime.

Capital / Liquidity

More Progress Needed on Basel III Implementation – BCBS

By Manesh Samtani | 29/10/2018

Basel Committee report shows limited progress in adoption of NSFR, SA-CCR, securitisation framework, and bank capital requirements for equity in funds.

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”.