International

Anti-Money Laundering

RegTech Asia 2020: The Evolution of Typologies

By Editors | 12/10/2020

How have financial crime typologies been evolving in recent years, and how are they being used by financial institutions to combat crime?

Trading & Investment

BIS Paper Presents Alternative to Forward-looking Term Rates

By Manesh Samtani | 12/10/2020

Many banks have adopted a “wait and see” approach to the LIBOR phase-out, waiting to forward-looking term rates based on RFR derivatives to become available.

Anti-Money Laundering

RegTech Asia 2020: The Future of AML & Fraud Case Management

By Editors | 11/10/2020

How can current practices in AML and fraud case management and investigations be enhanced with technology and data for better, faster outcomes?

Payments & Settlements

SWIFT Completes Another gpi Pilot with UK Faster Payments

By Editors | 11/10/2020

Over the past two years, SWIFT has run successful proof of concepts with payment infrastructures in Singapore, Australia and Europe.

AI Risk & Governance

SupTech Increasingly a Strategic Priority for Authorities: FSB

By Editors | 11/10/2020

The majority of authorities surveyed by the FSB had a SupTech, innovation or data strategy in place. SupTech is most commonly used in regulatory reporting and data management.

PEPs & Sanctions

US Imposes Sanctions Against 18 Iranian Banks

By Editors | 11/10/2020

FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.

Trading & Investment

ISDA to Launch IBOR Fallbacks Supplement, Protocol on 23 Oct

By Editors | 11/10/2020

Widespread adoption is a tangible step financial and non-financial firms can take to avoid disruptions in derivatives markets and mitigate risks at a system-wide level, the FSB says.

CBDCs

BIS Report Outlines Common Foundation for Retail CBDCs

By Editors | 11/10/2020

Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling ‘digital runs’.

Cryptocurrency

UK FCA Bans Retail Sale Of Crypto Asset Derivatives

By Sanday Chongo Kabange | 08/10/2020

The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.