International

KYC & CDD

FSB Reports Progress on Correspondent Banking Decline

By Manesh Samtani | 19/03/2018

Report discusses strengthening due diligence tools to support correspondent banking relationships and improved monitoring.

CBDCs

BIS, CPMI Report Outlines Dangers of Central Bank Digital Currencies

By Manesh Samtani | 14/03/2018

Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.

Capital Adequacy

Basel Committee Publishes Follow-up Reports on Basel III Implementation

By Manesh Samtani | 13/03/2018

The Committee also published an assessment handbook and self-assessment questionnaire to help member jurisdictions prepare for future RCAP assessments.

Trading & Investment

Who’s Picking up the MiFID II Bill?

By Peter Guy | 12/03/2018

MiFID II’s rollout into the middle of a market reversal and complaints about asset manager fees couldn’t have come at a worse time.

Capital Adequacy

US Fed Eyes Eased Regulation for Foreign Banks

By Samuel Riding | 09/03/2018

Vice chairman says to allow more foreign banks to set up more than one holding company, which each regulated separately according to different risk profiles.

Capital Adequacy

China, US Bank Profits Boost CET1 Capital

By Samuel Riding | 09/03/2018

BIS report on Basel III implementation includes data from 39 Group 1 banks in Asia Pacific; 1H2017 saw largest ever profits of $262 billion.

Trading & Investment

IOSCO Consults on Volatility Control Mechanisms

By Manesh Samtani | 09/03/2018

Consultation report include recommendations on monitoring, record-keeping, disclosures on trigger mechanisms and cross-jurisdictional communication for dual-listed securities.

KYC & CDD

New Initiative to Help Boost Correspondent Banking Relationships

By Editors | 08/03/2018

Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.

Emerging Prudential Risks

FSB Report Reveals Scale of Shadow Banking Risks

By Manesh Samtani | 08/03/2018

Global shadow banking activities rose 7.6 percent to $45.2tn in 2016, representing 13 percent of total financial system assets; China contributed $7tn to the measure.