The pending launch of Facebook’s digital currency threatens to disrupt some regulatory frameworks and if it succeeds it could even pose systemic questions creating even more challenges for regulators
Rapidly evolving cyber threats prompt banks to beef up defences
Cyber has rapidly soared in importance as a risk to the financial system as banks become more digital. This has forced banks into an arms race against hordes of shady characters and organisations determined to steal from them or to disrupt their operations. By Justin Pugsley.
Efforts stepped up to save correspondent banking
Entire countries are at risk of being cut out of the global financial system due to de-risking, which is also holding back economic growth, leaving global standard-setters, banks and fintechs struggling to find a solution. By Farah Khalique.
Policy-makers hardening their stance on climate change reporting
The TCFD is one of the most high profile voluntary climate initiatives impacting the financial sector. However, moves are afoot to start mandating some aspects of climate change reporting contained in the framework
Second phase of SFTR could trip up some firms
Some market participants appear to be overconfident in their ability to meet their SFTR obligations. They could be in for a shock as the new rules continue to be phased in. By Justin Pugsley.
Regulatory reforms distorting central bank monetary policy
Basel III and Emir have unleashed a series of unintended consequences on repo markets, which are distorting monetary policy transfer mechanisms
UPI adoption gets nearer following DSB designation by FSB
UPIs are moving closer to industry adoption after the FSB designated the Derivatives Service Bureau as the service provider for these identifiers.
FSB looking to harmonise resolution of G-SIB derivatives portfolios
Starting with a consultation and discussion paper, the FSB appears to be attempting to harmonise regulatory regimes across jurisdictions for the solvent and orderly wind-down of a derivatives portfolio of a failing G-SIB. By Justin Pugsley.
From Saad to Abraaj: governance and transparency in the Middle East
Some high profile collapses have prompted regulatory improvements in the Middle East, but there is still some work to be done around governance. By Christian Tuddenham, partner at Jenner & Block.
The last word on Basel III: integration
As the finalised guidelines become regulation, an emphasis on relationships among different sources of risk confirms the need for a unified financial risk reporting solution. By Xavier Dubois, product manager, global risk and finance, at Wolters Kluwer.
