The Financial Stability Board (FSB) has published a progress report to the G20 on LIBOR transition and remaining issues, noting that with timelines for cessation of LIBOR panels confirmed at the end of 2021 and mid-2023 ‘there should be no remaining doubts as to the urgency of the need to transition away from LIBOR by the end of 2021’. The FSB says the extent of risks associated with a failure to prepare adequately for LIBOR transition means the onus is now on firms to act. With limited time available until end-2021, it urges market participants to complete the steps set out in its Global Transition Roadmap.
A-Team Insight Briefs
Financial Stability Board Calls for Action on LIBOR Transition
Financial institutions today face a global regulatory landscape characterised by rigorous and varied reporting requirements across their businesses. Reporting challenges include completing more data fields across more lines of business with greater frequency, adding complexity and cost. At the same time, there is waning tolerance among supervisory bodies for errors, issues or delays – as...
Quantexa, a London-based data and analytics company, is innovating Anti-Money Laundering (AML) monitoring and investigation with the use of contextual decision intelligence (CDI), a means of enriching internal data with external data and building networks of relationships to create a contextual view of a customer. The company says complex financial crime in capital markets, including...
This briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...