International

Capital / Liquidity

FSB Issues Update on Work to Address Market Fragmentation

By Editors | 14/10/2020

The rapid and coordinated policy response to Covid-19 has underlined policymakers’ awareness of harmful effects of market fragmentation, the FSB says.

ESG / Sustainability

FSB Publishes Letter to G20 Ahead of Virtual Meeting

By Manesh Samtani | 14/10/2020

The letter describes the FSB’s work to address issues of financial innovation and technology, promote a resilient and integrated global financial system, and address market fragmentation.

AML / KYC

FSB Issues Final Recommendations on Regulating Global Stablecoins

By Editors | 13/10/2020

Global stablecoin arrangements are expected to adhere to all applicable regulatory standards and address risks to financial stability before commencing operation, the FSB says.

Enforcement

RegTech Asia 2020: Sanctions & PEPs Screening

By Editors | 13/10/2020

What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?

AML / KYC

FSB Publishes Roadmap on Enhancing Cross-Border Payments

By Editors | 13/10/2020

The roadmap seeks to address key challenges faced in cross-border payments including high costs, low speed, limited access and insufficient transparency.

Capital / Liquidity

APRA to Align Prudential Standards with IAIS ComFrame

By Editors | 13/10/2020

APRA has designated QBE Insurance Group as an internationally active insurance group, which will promote coordination with other international supervisors.

Fintech / Regtech

FSB Calls on Authorities to Regulate BigTech in Financial Services

By Editors | 12/10/2020

Where financial services activities are undertaken by new types of actors, such as BigTech firms, the principle of ‘same risk-same regulation’ should apply, the report says.

AML / KYC

RegTech Asia 2020: The Evolution of Typologies

By Editors | 12/10/2020

How have financial crime typologies been evolving in recent years, and how are they being used by financial institutions to combat crime?

Market Infrastructure

BIS Paper Presents Alternative to Forward-looking Term Rates

By Manesh Samtani | 12/10/2020

Many banks have adopted a “wait and see” approach to the LIBOR phase-out, waiting to forward-looking term rates based on RFR derivatives to become available.