International

Capital Adequacy

BCBS Releases 18th Progress Report on Basel III Adoption

By Editors | 06/07/2020

In Asia Pacific, Hong Kong, Korea and Indonesia have in particular made significant progress towards implementing the Basel III standards.

Cloud & Infrastructure

BIS Innovation Hub Can Draw Lessons from GFIN

By Manesh Samtani | 03/07/2020

As the BIS Innovation Hub widens its reach, success will rely on its ability to cultivate a supportive ecosystem which includes financial institutions and innovators alike.

Fraud, Scams & Cybercrime

Economic Downturn Presents Opportunities for Corporate Fraud

By Chris Fordham | 03/07/2020

Drawing from the Fraud Triangle Theory, Alvarez & Marsal’s Chris Fordham discusses how the current crisis has created a perfect storm for fraud and misconduct.

Anti-Money Laundering

Automatic Exchange Uncovers €10tr in Offshore Accounts in 2019

By Editors | 02/07/2020

The automatic exchange of information by tax authorities in nearly 100 countries uncovered data on 84 million accounts held offshore in 2019.

Anti-Money Laundering

BCBS Updates AML Guidance to Advance Supervisory Cooperation

By Editors | 02/07/2020

Prudential and AML/CFT supervisors should establish an effective cooperation mechanism regardless of the institutional setting, the updated guidelines say.

Anti-Money Laundering

New FATF President Presents Objectives For Two-Year Term

By Editors | 01/07/2020

FATF President Marcus Pleyer will prioritise work on digital transformation, racially motivated terrorism, migrant smuggling, environmental crime, and illicit arms trafficking.

Structural Regulation

FSB Issues Statement on Global Benchmark Transition

By Editors | 01/07/2020

The FSB maintains its view that financial and non-financial sector firms across all jurisdictions should continue efforts to remove remaining LIBOR dependencies by end-2021.

Conduct, Culture & Accountability

The New Normal: Conduct Risk & Personal Accountability

By Stephen Scott | 01/07/2020

Increasingly, leaders along all Three Lines of Defence are being held personally accountable for misconduct that takes place on their watch, says Stephen Scott at Starling.

Liquidity Risk

Covid-19 Liquidity Issues to Morph into Solvency Threat: BIS

By Manesh Samtani | 30/06/2020

Once the acute illiquidity phase of the crisis passes and insolvency problems emerge, the onus of crisis management will shift from central banks to fiscal authorities.