International

Big Picture

OECD Warns of Global Debt Pileup from Corporate Bonds

By Editors | 19/02/2020

High leverage in the corporate sector make it essential to improve the ability of equity markets to strengthen corporate balance sheets and support long-term investments.

Capital / Liquidity

JBA Rebuts BCBS Proposal on Sovereign Exposure Disclosures

By Manesh Samtani | 18/02/2020

The JBA said the BCBS should focus on ensuring full, timely and consistent implementation of Basel III reforms, rather than setting “fragmentary voluntary add-ons”.

Market Infrastructure

ESMA Seeks BMR Exemptions for Noncritical, Third-country Benchmarks

By Manesh Samtani | 18/02/2020

ESMA says BMR’s wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.

Big Picture

CCP12 Highlights Remaining Transparency Issues in OTC Derivatives

By Editors | 17/02/2020

A new CCP12 paper highlights a lack of transparency in the amount of collateral posted in bilateral markets, which is needed to more accurately assess liquidity requirements and latent risks.

AML / KYC

OFAC Quietly Blocks Payments with Indirect Links to North Korea – Report

By Editors | 14/02/2020

In private communications with banks, OFAC has been blocking usually-permissible payments with any overseas account that officials believe separately handled funds for North Korea.

Big Picture

DTCC Calls For Coordinated Effort on DLT Security Framework

By Editors | 14/02/2020

DTCC is calling for a cross-sectoral, coordinated strategy around the development of a principles-based framework to identify and address DLT-specific security risks.

Capital / Liquidity

Better Supervision Associated with Lower Operational Risk: BIS Paper

By Manesh Samtani | 14/02/2020

Banks take an average 251 days to discover the occurrence of operational loss events, and 184 days to move from discovery and recognition, according to a new BIS paper.

Crypto / Digital Assets

IOSCO Offers Guidance on Regulating Crypto-asset Trading Platforms

By Editors | 14/02/2020

The report provides a toolkit of possible measures for key considerations relevant to authorities for regulating crypto-asset trading platforms.

AML / KYC

Malaysia Anti-Corruption Commission Files New 1MDB-related Charges

By Editors | 13/02/2020

Malaysia has filed new charges against fugitive financier Jho Low and two PetroSaudi International directors over their alleged roles in the 1MDB scandal.