International

Trading & Investment

ISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger

By Manesh Samtani | 09/12/2019

ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.

Conduct, Culture & Accountability

FMSB Drafts Good Practice Statement on Sovereign Bond Auctions

By Editors | 04/12/2019

The Statement of Good Practice seeks to identify some of the key conflicts of interest that can arise in sovereign and supranational auctions, and to set out measures to enhance market transparency.

Capital Adequacy

FSB Releases Final Feedback on SME Financing Study

By Garima Chitkara | 02/12/2019

The FSB undertook a study to understand the impact of Basel III on bank financing of SMEs and found no material impact on their access to capital and credit.

KYC & CDD

OECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’

By Editors | 02/12/2019

Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.

Market Risk

BCBS Proposes Revisions to Basel III CVA Risk Framework

By Editors | 29/11/2019

The proposed revisions aim to align the CVA framework with the final market risk framework, and to adjust the scope of portfolios subject to CVA risk capital requirements.

Capital Adequacy

BCBS Issues Guidance on Sectoral Countercyclical Capital Buffer

By Editors | 28/11/2019

The SCCyB is a targeted tool that national authorities can use to temporarily impose additional capital requirements that directly address the build-up of risks in a specific sector.

Emerging Prudential Risks

Banking Supervisors Support Proportionality in Basel Implementation

By Editors | 27/11/2019

A proportionate regulatory framework should not reduce the resilience of banks or dilute the prudential regulatory framework.

Anti-Money Laundering

FATF to Develop Guidance on Disrupting Illegal Wildlife Trade

By Editors | 26/11/2019

Under its Chinese presidency, the FATF has made it a priority to help countries target money and criminal networks involved in the illegal wildlife trade.

Capital Adequacy

FSB Adds Toronto Dominion to G-SIBs List

By Editors | 23/11/2019

The addition of Toronto Dominion to the list brings the overall number of G-SIBs from 29 to 30. Deutsche Bank was moved to a lower bucket within the list.