PSD2 deadline catalyst for bank action

PSD2 deadline catalyst for bank action

By KIMBERLEY LONG

In the month since the deadline of the second Payment Services Directive (PSD2), there has been little obvious change in how banks are allowing companies and consumers access to their customer accounts. This does not mean all banks have been standing still.

Whistleblowing: still a risky business

Whistleblowing: still a risky business

By FARAH KHALIQUE

Industry experts on whistleblowing have been lobbying hard for reform, but it is still often the case that whistleblowers with the best of intentions have found themselves in legal grey areas, ending up blacklisted, bankrupt and unable to work in the City again.

KYC reform catches up with tech evolution

KYC reform catches up with tech evolution

By KIMBERLEY LONG

As correspondent banking becomes fraught with issues, but remains a central aspect of business, the industry is seeing an overhaul of its guidelines to ensure high standards of due diligence while still allowing business to flow.

Swift customers step up to standards

Swift customers step up to standards

By KIMBERLEY LONG

Most companies using Swift have met the deadline for attesting to the customer security controls framework (CSCF), paving the way for stronger security and control in payments messaging.

Bitcoin bonanza: the rise of regulation

Bitcoin bonanza: the rise of regulation

By FARAH KHALIQUE

The latest cryptocurrency price crash is shining the spotlight on the regulation of these borderless, digital currencies, but the rules differ wildly from country to country; global super-regulator IOSCO is set to make an announcement.

What China’s new Basel standards will mean for banks

What China’s new Basel standards will mean for banks

By CHRIS WRIGHT

China’s latest effort to curb shadow banking involves applying Basel standards on banks: they must disclose far more of their exposure to previously unidentified counterparties. It’s good for the industry, but what does it mean for individual mainland banks?

China: Backtracking on reforms not an option

China: Backtracking on reforms not an option

The opening up of the Chinese financial sector to majority foreign ownership is an important and strategic move, but the guidelines curtailing banking sector liberalization make it look like one step forward, two steps back.

Banks breathe a little sigh of relief as Basel III is completed

Banks breathe a little sigh of relief as Basel III is completed

By GRAHAM BIPPART

Basel III – or IV, if you’re a banker – is finally complete, and if implemented harmoniously across countries, it could force banks to raise huge amounts of capital, but tweaks to the final proposals render them less harsh than many expected.

China v India in Reliance Communications spat

China v India in Reliance Communications spat

By CHRIS WRIGHT

News broke last week of an intriguing insolvency petition in India: under the new Insolvency and Bankruptcy Code, high-profile disputes are now commonplace, but what’s interesting here is it pits a Chinese policy bank against an Indian private-sector corporation.

Final rules on PSD2 shifts focus to security

Final rules on PSD2 shifts focus to security

By KIMBERLEY LONG

The final recommendations for the second Payment Services Directive (PSD2) have outlined a series of strict rules that would improve security, and have the potential to push for greater innovation.

FX: Filtering out the noise in surveillance systems

FX: Filtering out the noise in surveillance systems

By PAUL GOLDEN

FX market participants have benefited from guidance on good practices and the availability of sophisticated technological solutions, but implementing a surveillance programme remains a considerable undertaking.

Special focus

AT1 capital/CoCo bonds: what you should know

AT1 capital/CoCo bonds: what you should know

Additional tier-1 (AT1) securities and contingent convertible capital instruments, known as CoCo bonds, absorb losses when the capital of the issuing financial institution falls below a supervisor-determined level.

Volcker rule: special focus

Volcker rule: special focus

Probably the single most controversial post-crisis piece of financial regulation, the Volcker rule has been blamed with hampering liquidity and has been criticized as virtually unenforceable.

TLAC: what you should know

TLAC: what you should know

We explain the FSB's total loss-absorbing capacity requirements for global systemically important banks (G-Sibs).