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Big Picture
Banking Regulation, Innovation Responsible for Shadow Bank Growth
By Editors | 29/04/2020
Regulatory burden on banks and technological improvements are likely the two most important factors behind shadow bank growth, a new paper says.
Capital / Liquidity
Legacy Systems, Poor Data Quality Hindering BCBS 239 Adoption
By Manesh Samtani | 29/04/2020
Some banks have changed their BCBS 239 implementation strategies to comprehensively improve data quality, but this will take considerable time to resolve.
Big Picture
Privacy Concerns, Bank Mistrust Lead to Higher Cash Use: Study
By Editors | 28/04/2020
The findings suggest that government policy to promote electronic payments may have to address fundamental concerns about privacy and confidence in financial institutions.
AML / KYC
Digital Identification in a Post-COVID World
By Editors | 28/04/2020
Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.
Fintech / Regtech
FMSB Publishes Spotlight Review on Algorithmic Trading
By Editors | 23/04/2020
The Spotlight Review highlights the importance and challenges of model risk management in areas where algorithmic trading is being deployed.
Market Infrastructure
Bloomberg Publishes Rulebook on IBOR Fallback Methodology
By Editors | 23/04/2020
The rulebook’s final methodology, rules and conventions are based on the results of four market-wide consultations ISDA conducted between 2018 and 2020.
AML / KYC
US Agencies Issue Alert on North Korea Cyber Threat
By Manesh Samtani | 22/04/2020
The advisory highlights the powers US agencies have to subpoena foreign FIs that maintain a correspondent bank account in the US to gain access to customer records stored overseas.
Market Infrastructure
ARRC Sets Out 2020 Objectives for LIBOR to SOFR Switch
By Editors | 22/04/2020
The ARRC will establish final recommended conventions for SOFR-based floating rate notes, business loans, and securitisations by 31 July.
Capital / Liquidity
ECB Officials Push for ‘Bad Bank’ to Clean Up NPLs – Report
By Editors | 21/04/2020
ECB officials are concerned that the coronavirus pandemic will trigger a surge in NPLs that could hamper banks’ ability to lend.
ESG / Sustainability
A Focus on Governance, Stewardship, and Engagement
By Siew Kai Choy | 20/04/2020
Boards must prioritise and assess culture as a strategic asset, and develop an appreciation for how it may lead to behaviour with material consequences, says Siew Kai Choy.
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