International

Anti-Money Laundering

US Hedge Funds Being Used for Money Laundering: FBI

By Manesh Samtani | 27/07/2020

A leaked FBI bulletin says US hedge funds and private equity firms are being used to facilitate money laundering, organised crime, and sanctions evasion.

Operational Risk

Institute of Internal Auditors Offers Update to 3LoD Model

By Editors | 26/07/2020

The new ‘Three Lines Model’ is aimed at improving organisational structure to achieve better alignment, collaboration, and accountability among key players.

Anti-Money Laundering

New Report Highlights Ineffectiveness of Global AML/CTF Systems

By Manesh Samtani | 25/07/2020

A lot of countries may have strong AML/CTF systems in place, but in practice they are not working, says a new report from the Basel Institute on Governance.

Climate Risk

Inconsistent Data Hindering Quantification of Climate Risks: FSB

By Manesh Samtani | 22/07/2020

Multiple layers of uncertainty on the course of climate change give rise to a lack of consistent data and methodologies for translating potential outcomes into financial exposure estimates.

Market Data & Technology

Bloomberg Begins Publishing IBOR Fallback Rates for Derivatives

By Editors | 21/07/2020

The calculations being published include the adjusted RFRs, the spread adjustment and the ‘all in’ IBOR fallback rates for certain key IBORs across various tenors.

Market Risk

Beyond FRTB: Risk Management and Enterprise Data Opportunities

By Editors | 20/07/2020

FRTB is a significant global industry challenge, but the process to achieve its outcomes can harness value from data that can be applied throughout a bank’s operations.

Capital Adequacy

G20 Officials Pledge Further Support to Global Economy

By Editors | 19/07/2020

The G20 officials have pledged to continue using all available policy tools to help support the global economy and enhance the resilience of the financial system.

Supervision & Enforcement

ESMA Opens Probe Into Germany’s Wirecard Response

By Editors | 19/07/2020

ESMA’s fast track assessment will focus on whether BaFin and accounting watchdog FREP properly applied European guidelines on enforcing the reporting of financial information.

Clearing & Post-Trade

Optimising the Libor Switch with Portfolio Compression

By Editors | 17/07/2020

TriOptima’s multilateral approach to portfolio compression is helping the sell-side and buy-side alike to reduce Libor risk, optimise capital, and enhance operational efficiency.