International

Capital / Liquidity

FSB Publishes 2022 List of Global Systemically Important Banks

By Editors | 22/11/2022

Bank of America will have to meet a higher capital buffer requirement, while China Construction Bank and BNP Paribas will have to meet a lower buffer requirement.

Securities / Derivatives

IOSCO Reviews Liquidity Risk Management Measures at Funds

By Editors | 19/11/2022

IOSCO’s 2018 recommendations to strengthen liquidity risk management practices in open-ended funds are “broadly well implemented”.

AML / KYC

Western Allies Sanction Iran Over Protest Handling, Drone Sales

By Editors | 18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.

Fintech / Regtech

FSB Defines KPIs for Enhancing Cross-Border Payments

By Editors | 18/11/2022

The KPIs will help to measure progress towards achieving quantitative global targets for enhancing cross-border payments, the FSB said.

Crypto / Digital Assets

FTX’s “Complete Failure” of Corporate Controls, Worse Than Enron

By Manesh Samtani | 18/11/2022

Restructuring specialist John J Ray says FTX’s failure is the worst he has ever seen, citing control failures and the “complete absence” of trustworthy financial information.

Big Picture

“No Simple Fix” for Corporate Bond Liquidity Issues: IOSCO

By Editors | 17/11/2022

IOSCO published feedback received from a review of ways to improve the functioning of and liquidity in corporate bond markets under stress.

Fintech / Regtech

ISLA Launches Working Group to Digitise the GMSLA

By Editors | 17/11/2022

The working group will initially focus on encoding the business outcomes from the ISLA Clause Library & Taxonomy into the Common Domain Model.

AML / KYC

Sanctions Based on UN Consensus Mechanisms are Declining

By Manesh Samtani | 17/11/2022

New Refinitiv paper says one of the most significant trends observed in its analysis of sanctions data is a steep decline in the importance of the UN’s sanctions.

Securities / Derivatives

Uncertain Times Call for Quality Financial Disclosures: IOSCO

By Editors | 16/11/2022

Issuers, audit committees, and external auditors must ensure investors receive accurate, transparent and timely information especially in times of heightened uncertainty.