International

Capital / Liquidity

Deutsche Bank Pressures Tied to Regulatory Woes

By Peter Guy | 28/06/2018

It’s impossible to separate Deutsche Bank’s ongoing regulatory compliance shortcomings from its business exigencies. The recent and unusual censure from the Federal Reserve highlights the bank’s inexorable pressures.

Big Picture

Worst-case Cyber Attack Losses Could Cost Banks Half of Profits – IMF

By Manesh Samtani | 27/06/2018

Extreme risk scenario threatening financial stability characterised by increases in attack frequency and interdependence, or occurrence of large magnitude events.

Market Infrastructure

Capital Markets Industry Groups Call For Transition Away from IBORs

By Garima Chitkara | 27/06/2018

Joint report from ISDA, AFME, ICMA and SIFMA shows almost 90% of respondents concerned about exposure to interbank offer rates; close to 80% looking to transition away in the next four years.

Capital / Liquidity

BIS Warns Of Vulnerabilities In Non-Bank Sector

By Garima Chitkara | 25/06/2018

BIS warns of changing bank business models that has increased the market share and interlinkages among non-bank firms, especially asset management firms that are increasingly vulnerable to interest rate and redemption risks.

Capital / Liquidity

Further Delays at G-SIBs on Risk Data Compliance – BCBS

By Manesh Samtani | 25/06/2018

Progress report shows only only three G-SIBs have achieved full compliance with Principles for effective risk data aggregation and reporting; complexity and interdependence of IT improvement projects cited as main challenges.

Crypto / Digital Assets

GDF Consults on Global Code of Conduct for Crypto Businesses

By Manesh Samtani | 22/06/2018

The Code includes commitment to comply with standing laws and regulations, ensure appropriate systems and processes, and treat customers and their assets fairly.

Market Infrastructure

LEI Transition Period For MiFID II To End In July – ESMA

By Garima Chitkara | 21/06/2018

The six month transition period put in place in December 2017 to allow firms to obtain LEIs to comply with MIFID will end on 2 July 2018, as ESMA rules out any extensions in a new statement.

Crypto / Digital Assets

Crypto ‘Poor Substitute’ for Conventional Money – BIS

By JP Reimann | 21/06/2018

Lack of trust, poor efficiency and vast energy use are cited among other reasons for cryptocurrency’s limited potential to replace conventional money in the latest BIS annual report.

AML / KYC

ASIFMA Publishes Best Practices Guide for Crypto Exchanges 

By Manesh Samtani | 21/06/2018

New report guides digital asset exchanges towards international nest practices for listing processes, market manipulation, pricing and liquidity, AML/KYC and cybersecurity, among other areas.