GLEIF and SWIFT streamline entity verification processes

GLEIF inks deal with SWIFT to make it easier and more efficient for firms to identify counter-parties.

Jon Cunliffe

Rise of market-based finance “not a major threat to financial stability”

Market-based finance providers such as asset managers have helped to dramatically increase the size of the shadow banking sector, raising the spectre of toxic risks finding a new home. But this is a thesis challenged by the Bank of England’s deputy governor for financial stability. By Justin Pugsley. 

Iosco issues guidance on conduct risk around equity raises

Iosco has issued a set of eight measures to guide securities regulators with dealing with misconduct risks that can arise during equity raisings.

Georgina Halford-Hall

Whistleblowing: the UK is the weakest link

Whistleblowing is paramount to rooting out financial crime, but the UK lags behind its peers with outdated laws and limited protection for informants. By Farah Khalique

Shadow banking assets grow 7.6% to $45tn according to FSB study

Shadow banking is still growing quickly says the Financial Stability Board, but gives reassurance that the most toxic aspects of it have been tamed.

Carney brands cryptocurrencies as mania and calls for more regulation

Crypto currencies are a “speculative mania” with very high price volatility and need more regulation to curb some of the illicit activities they are sometimes associated with, says Mark Carney.

BCBS continues to see banks making progress on capital

Banks continue to make progress with building up their capital buffers, according to a BCBS monitoring report.

BCBS consults on Pillar 3 disclosures

Basel Committee consults on revisions to Pillar 3 disclosure requirements around areas such as credit risk, operational risk, the leverage ratio and credit valuation adjustments (CVA).

Basel Committee warns that fintech will challenge conventional bank business models

Nearly every scenario shows that traditional banks will face some form of disruption from fintech, according to a report from the Basel Committee.

Stephan Wolf

More to LEIs than simply identifying counterparties

Legal Entity Identifiers are a requirement for trading in the EU, but their uses potentially go beyond just identifying counterparties. They can also drive efficiencies in on-boarding and know your customer processes

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