International

Clearing & Post-Trade

Ageing Infrastructure Creating Derivatives Market Inefficiencies: ISDA Chief

By Editors | 10/11/2019

Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.

Anti-Money Laundering

BCBS Updates AML/CFT Guidance for Correspondent Banking

By Editors | 10/11/2019

The revisions update the list of risk indicators banks should use to conduct risk assessments and specify conditions for using KYC utilities for obtaining customer information.

Capital Adequacy

Capital Buffers Are Designed to Be Used: BCBS

By Editors | 05/11/2019

Banks that draw down on their buffers in times of stress are not deemed to be in breach of their minimum regulatory capital requirements.

KYC & CDD

FATF Issues Draft Guidance on Digital Identity Systems

By Manesh Samtani | 31/10/2019

The draft guidance analyses the use, reliability and independence of digital ID systems, and looks at how they can meet FATF requirements around customer due diligence.

Emerging Prudential Risks

Transitioning Away from IBORs: The View from Asia

By Garima Chitkara | 30/10/2019

Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021, say KPMG’s Marie Gervacio and Luke Gower.

KYC & CDD

LEI Use in Onboarding Could Save Banks Up to $4bn Annually

By Editors | 30/10/2019

In addition to cost savings, LEI use in client onboarding would speed up time to revenue, improve compliance and credit risk mitigation, and enable better tracking of suspicious entities.

Structural Regulation

A Liquid Global Swaps Market Relies on Deference: CFTC’s Quintenz

By Manesh Samtani | 29/10/2019

Market fragmentation poses serious risks to the liquidity and health of the derivatives markets, said CFTC commissioner Brian Quintenz at the ISDA Annual Japan Conference.

Anti-Money Laundering

FATF Issues Best Practice Paper on Beneficial Ownership

By Editors | 29/10/2019

FATF mutual evaluations have shown that many jurisdictions are still finding it challenging to ensure transparency of ownership of legal persons.

Anti-Money Laundering

It’s Time to Reform and Refocus the FATF

By Tom Keatinge | 27/10/2019

The FATF’s responsibilities and the efficiency and effectiveness of its evaluation process must be reassessed, says RUSI’s Tom Keatinge.