International

Trading & Investment

Urgent Action Needed on UK Trading Venue Equivalence

By Manesh Samtani | 05/03/2019

ISDA, FIA and eight other industry bodies warn of the disruptive impact that would result if urgent action is not taken by EU authorities to recognise UK derivatives trading venues.

Structural Regulation

EU Policymakers Agree on Two Years Grace for BMR Compliance

By Manesh Samtani | 01/03/2019

Policymakers have agreed to give administrators of ‘critical’ EU and ‘non-critical’ non-EU benchmarks two more years to comply with the Benchmark Regulation.

Anti-Money Laundering

FATF Gets Tough on Virtual Assets and Their Service Providers

By ComplyAdvantage | 27/02/2019

If the FATF Interpretive Note is adopted, virtual assets and their service providers could fall under the same level of regulatory scrutiny as seen in traditional banking, says ComplyAdvantage.

Capital Adequacy

FSB Explores Effects of Regulatory Reform on SME Financing

By Editors | 27/02/2019

The FSB is seeking feedback on observed trends and drivers in SME financing, and whether regulatory reforms such as Basel III have affected financing to SMEs.

Anti-Money Laundering

FATF Consults on Risk-Based Approach for Professional Services

By Editors | 27/02/2019

The FATF is consulting on draft guidance on the application of a risk-based approach to AML/CFT in the legal, accountancy, and trust and company service providers sectors.

Capital Adequacy

More CCP Capital Leads to More Prudent Risk Management – BIS Paper

By Manesh Samtani | 26/02/2019

For-profit CCPs have incentives that are misaligned with financial stability, typically holding less capital and requiring less from clearing members than is optimal, says a BIS working paper.

Trading & Investment

EU, Singapore Agree to Mutually Recognise Derivatives Venues

By Editors | 21/02/2019

Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.

Anti-Money Laundering

AML Beyond Banking: The Increasing Scope of Global AML Regulation

By Claus Christensen | 20/02/2019

Increased transparency in the banking sector has made other avenues for money laundering gain greater prominence, writes Claus Christensen at Know Your Customer Ltd.

Cybersecurity

SWIFT Publishes Counterparty Cybersecurity Risk Guide

By Editors | 19/02/2019

The guide assists organisations in incorporating their counterparties’ cybersecurity self-attestation data into their risk management frameworks and governance models.