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Tackling hidden leverage across the multi-trillion dollar "shadow banking" sector is next year's priority, global financial regulators said on Wednesday,
LONDON: Tackling hidden leverage across the multi-trillion dollar “shadow banking” sector is next year’s...
Global regulators published tougher rules on Wednesday for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without the need for emergency liquidity from central banks. Regulators have been scrutinising the ability of open ended funds, a sector worth over $40 trillion globally, after central banks had to intervene to stop money market and other types of funds freezing in the face of a "dash for cash" when economies went into COVID-19 lockdowns in March 2020. The reforms from the G20's Financial Stability Board and IOSCO, a global ...
The COVID-19 shock infected the euro area’s financial markets, causing races for liquidity and sell-offs of even safe assets, including sovereign bonds. The European Central Bank stepped in decisively to avert further damage by implementing sound monetary policies, demonstrating the importance of being prepared before a new crisis unfolds.
Baft has updated its playbook to help respondents establish and maintain correspondent banking relationships — not an easy feat under current stringent financial crime compliance regimes.