International

AML / KYC

Good Intentions: The FATF Faces Its Own Unintended Consequences

By Tom Keatinge | 08/08/2021

The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.

Market Infrastructure

LCH Set to Switch Discounting, PAI Rate from SOR to SORA

By Editors | 08/08/2021

LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.

Market Infrastructure

Big Tech Brings ‘New and Unfamiliar’ Challenges: BIS

By Ranamita Chakraborty | 06/08/2021

A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.

Market Infrastructure

CPMI Workplan Highlights Focus on Stablecoins, CBDCs

By Editors | 06/08/2021

CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.

Market Infrastructure

FIs Team Up to Accelerate Coal Plant Closures in APAC

By Editors | 05/08/2021

Prudential, Citi, HSBC, and BlackRock are reportedly working on a plan to buy out coal-fired plants and wind them down early.

Fintech / Regtech

New BIS Paper Calls for Concrete Guidance on AI

By Sanday Chongo Kabange | 04/08/2021

Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.

Securities / Derivatives

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

By Editors | 02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.

Market Infrastructure

SWIFT Launches Instant Cross-border Payments for SME, Retail

By Editors | 02/08/2021

Seven banks that have launched ‘SWIFT Go’ – BBVA, BNY Mellon, DNB, MYBank, SberBank, Société Générale, and UniCredit.

Market Infrastructure

Family Offices Should Start Behaving Like Regulated Entities

By Marie Gervacio | 30/07/2021

Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.