GlobalRSS

KfW’s Joachim Nagel appointed as a deputy head at BIS

Joachim Nagel, who sits on the board of German state owned development bank KfW, has been appointed deputy head of the banking department at the Bank for International Settlements (BIS).

UK-US trade talks progress well with more scheduled for June

The UK and US completed formal trade talks on May 5-15 and reported good progress, with the next round of negotiations scheduled to take place on June 15-22.

BIS appoints head for its Hong Kong innovation centre

Bénédicte Nolens has been appointed to head the Bank for International Settlements (BIS) Hong Kong innovation centre for three years starting July 1, 2020. 

Johnny Shearman

Covid-19 fallout increases urgency to address Libor transition legal issues

Fallout from the Covid-19 pandemic is heaping pressure on market participants to resolve the legal issues bedevilling the transition from Libor to alternative risk-free rates. By Johnny Shearman, professional support lawyer at Signature Litigation LLP, and Justina Stewart, barrister at Outer Temple Chambers.

US China tensions

The return of geopolitics will cause global banks considerable headaches

Once the Covid-19 pandemic passes, geopolitics is likely to return with a vengeance as global rivalries intensify and the economic fallout will call into question the political stability of some countries, in turn creating considerable headaches for global banks operating across borders

BCBS

Credit risk management under Basel IV and beyond

Under Basel IV, credit risk can no longer be addressed in isolation – but banks can take a holistic view, enabling them to better assess the impact of future scenarios on their activities. By Xavier Dubois, director of risk and finance at Wolters Kluwer Finance, Risk & Reporting.

Bitcoin

Should digital coins and tokens be regulated as securities?

The growth in digital coins and tokens has posed considerable challenges for regulators trying to protect investors from harm, but perhaps the question of how to regulate cryptocurrencies is based on a false premise. By Todd McDonald, co-founder of R3.

Christian Lee

FSB throws CCP equity on the line in resolution consultation

The FSB has once again waded into the controversial debate over who pays when a clearing house goes under and in a consultation paper is looking at a range of options including the use of equity

Subadra Rajappa

Covid-19 disrupts shift to risk free rates and regulators' deadline

The US Federal Reserve dropping SOFR in favour of Libor for a major funding programme has sparked mixed views as to whether this signals problems for the replacement risk free rates or if it is a minor hiccup. 

Covid-19 worsening existing financial vulnerabilities - IMF

The Covid-19 pandemic is exposing and exacerbating financial vulnerabilities built up over a decade of low interest rates and volatility, warn two IMF officials, who also urge scrutiny of non-banks. By Justin Pugsley.