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Capital / Liquidity
FSB Publishes 2020 List of Global Systemically Important Banks
By Editors | 11/11/2020
JP Morgan and China Construction Bank were raised to a higher bucket; Goldman Sachs and Wells Fargo were moved to a lower bucket.
Market Infrastructure
FSB Advances Dialogue on Outsourcing, Third Party Relationships
By Manesh Samtani | 09/11/2020
An outage or failure at a single third party could create a single point of failure with potential adverse consequences for financial stability, the FSB says.
ESG / Sustainability
Korea Exchange Joins and Declares Support for TCFD
By Sanday Chongo Kabange | 03/11/2020
KRX joins the Ministry of Environment, Shinhan Financial Group, KG Financial Group, Posco and SK Innovation in declaring its support for the TCFD.
Market Infrastructure
Global UPI Adoption a Key Focus for DSB in Year Ahead
By Editors | 28/10/2020
The DSB has expanded its Technology Advisory Committee to reflect the geographic diversity that will underpin the global UPI implementation effort.
Market Infrastructure
Singapore Publishes Timelines, Guidance to Support Transition to SORA
By Manesh Samtani | 27/10/2020
Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.
Capital / Liquidity
BCBS Task Force Outlines Progress on Climate Risk Initiatives
By Shruti Khairnar | 20/10/2020
Kevin Stiroh, Co-chair of the Task Force on Climate-related Financial Risks, highlighted the importance of globally concerted efforts and information sharing.
Market Infrastructure
FSB Publishes Cyber Resilience Toolkit for Financial Sector
By Editors | 19/10/2020
The financial system is only as strong as its weakest link, the FSB says, encouraging the use of the final toolkit to enhance cyber incident response and recovery activities.
Market Infrastructure
FSB Sets Out Global Transition Roadmap for LIBOR Phaseout
By Editors | 18/10/2020
By end-2020, firms should be in a position to offer non-LIBOR loans to customers. By 25 January, firms should adhere to the ISDA fallbacks protocol.
AML / KYC
MAS’ Use of Tech to Enhance Regulatory, Supervisory Functions
By Manesh Samtani | 17/10/2020
A recent FSB report offered case studies of how regtech and suptech are being deployed by regulators, including several examples from MAS.
Market Infrastructure
Australian Regulators Urge Adherence to ISDA IBOR Fallbacks
By Editors | 14/10/2020
The ISDA IBOR fallbacks protocol and supplement were informed by extensive consultation with industry, including in Australia.
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