International

Emerging Prudential Risks

Central Banks Act to Mitigate Covid-19 Economic Threat

By Editors | 04/03/2020

The HKMA has responded to the US rate cut with a cut of its own. The RBA and BNM have also cut their key policy rates, while the BOJ focuses on asset purchases.

Emerging Prudential Risks

Covid-19 Presents Greatest Economic Danger Since GFC: OECD

By Editors | 03/03/2020

The OECD recommends providing banks with liquidity to allow them to help companies with cash-flow problems, and to consider reducing reserve requirements.

Payments & Settlements

SWIFT Reports Near Doubling of Year-on-year gpi Traffic

By Editors | 03/03/2020

Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi, with the majority of transactions credited to end beneficiaries within 30 minutes or less.

Sustainable Finance

ASIFMA Calls for Global Coordination of Sustainability Efforts

By Manesh Samtani | 03/03/2020

Fragmented approaches to sustainable finance may ultimately undermine the development of sustainable finance through increased complexity and lack of coordination.

Anti-Money Laundering

AML Controls Are Ineffective at Stopping Crime, Says Policy Expert

By Manesh Samtani | 02/03/2020

Policy effectiveness expert Dr Ronald F Pol says the current anti-money laundering system only results in 0.1% of the proceeds of crime actually being seized.

Payments & Settlements

Cross-border Payments Front and Center in BIS Quarterly Review

By Editors | 02/03/2020

The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.

Anti-Money Laundering

Financial Secrecy Index Ranks Hong Kong, Singapore in Top Five

By Manesh Samtani | 02/03/2020

The Tax Justice Network has released its 2020 rankings of jurisdictions according to their secrecy and the scale of their offshore financial activities.

Anti-Money Laundering

Financial Quarantine: Understanding FATF’s Call for Action on Iran

By Nick Turner | 02/03/2020

Nick Turner at Steptoe & Johnson explains the implications of the FATF’s recent decision to return Iran to its so-called ‘blacklist’.

Operational Risk

WFE: Exchanges, CCPs Implementing Advanced, Embedded ERM

By Editors | 01/03/2020

Market infrastructures – exchanges and CCPs – are implementing advanced and embedded enterprise risk management right across their organisations, the WFE says.