International

Market Infrastructure

FSB Examines Effects of Post-Crisis Reforms on SME Financing

By Editors | 11/06/2019

SME lending growth has resumed in recent years, and access to external finance for SMEs appears to have improved, particularly in advanced economies.

Enforcement

Switzerland Fines Five Global Banks Involved in FX Trading Cartel

By Editors | 10/06/2019

Adding to the European Commission’s $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.

Fintech / Regtech

FSB: Decentralisation Could Benefit Financial Stability

By Manesh Samtani | 08/06/2019

While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.

Big Picture

IOSCO Publishes Recommendations on Sustainable Finance

By Editors | 08/06/2019

The report identifies the prerequisites for creating an ecosystem that facilitates sustainable finance, and sets out 10 recommendations for growth and emerging markets.

Market Infrastructure

FSB Publishes User Guide to Overnight Risk Free Rates

By Editors | 07/06/2019

The user guide provides an overview of RFRs, details on how they are calculated, and options on how they can be used in cash products.

Market Infrastructure

FSB TCFD: Not Enough Companies Disclosing Climate Risk Information

By Editors | 07/06/2019

The Task Force said some of the results of its disclosure review and survey are encouraging, but not enough companies are disclosing decision-useful climate-related financial information.

Market Infrastructure

CPMI-IOSCO Paper on CCP Default Management Auctions

By Editors | 07/06/2019

The discussion paper describes the considerations CCPs take into account when planning and conducting default management auctions.

Market Infrastructure

FSB, IOSCO Issue Complementary Reports on Market Fragmentation

By Manesh Samtani | 06/06/2019

The FSB and IOSCO have separately published reports on market fragmentation as they seek to minimise its adverse effects on financial stability and market efficiency.

Market Infrastructure

Project Stella: DLT Can Improve Cross-Border Payment Security

By Editors | 06/06/2019

The BOJ-ECB phase three study says DLT can improve security in cross-border payments by using payment methods that synchronise payments and lock funds along the payment chain.