International

Market Infrastructure

SWIFT Completes Another gpi Pilot with UK Faster Payments

By Editors | 11/10/2020

Over the past two years, SWIFT has run successful proof of concepts with payment infrastructures in Singapore, Australia and Europe.

Big Picture

SupTech Increasingly a Strategic Priority for Authorities: FSB

By Editors | 11/10/2020

The majority of authorities surveyed by the FSB had a SupTech, innovation or data strategy in place. SupTech is most commonly used in regulatory reporting and data management.

AML / KYC

US Imposes Sanctions Against 18 Iranian Banks

By Editors | 11/10/2020

FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.

Market Infrastructure

ISDA to Launch IBOR Fallbacks Supplement, Protocol on 23 Oct

By Editors | 11/10/2020

Widespread adoption is a tangible step financial and non-financial firms can take to avoid disruptions in derivatives markets and mitigate risks at a system-wide level, the FSB says.

Big Picture

BIS Report Outlines Common Foundation for Retail CBDCs

By Editors | 11/10/2020

Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling ‘digital runs’.

Crypto / Digital Assets

UK FCA Bans Retail Sale Of Crypto Asset Derivatives

By Sanday Chongo Kabange | 08/10/2020

The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.

Fintech / Regtech

RegTech Asia 2020: Addressing Complex Regulatory Change

By Editors | 08/10/2020

SmartStream’s Vincent Kilcoyne discusses the use of technology and automation to address regulatory change, highlighting the need for high quality data.

Fintech / Regtech

G20 Data Gaps Initiative Has ‘Proven its Value’: FSB, IMF

By Editors | 07/10/2020

The fourth progress report on phase two implementation of DGI-2 says progress made to date has proven its value during the crisis triggered by the Covid-19 pandemic.

AML / KYC

RegTech Asia 2020: Enhancing Transaction Monitoring

By Editors | 07/10/2020

How is the financial industry using AI/machine learning and data analytics to enhance typically rule-based transaction monitoring systems?