The Basel Committee on Banking Supervision (Basel Committee) has published a consultative document entitled Introduction of guidelines on interaction and cooperation between prudential and AML/CFT supervision.    The Basel Committee proposes to amend its guidelines on the Sound management of risks related to money laundering and financing of terrorism published

Financial Stability Board (FSB) has updated on its work on market fragmentation.   In its earlier update, in June 2019, the FSB had identified four key areas to address market fragmentation.   The areas are deference, pre-positioning of capital and liquidity, regulatory and supervisory coordination and information-sharing, and market fragmentation

Financial Stability Board (FSB) and the International Monetary Fund (IMF) have updated on the implementation of the second phase of the G20 Data Gaps Initiative (DGI-2).    Data gaps limit the ability of policymakers and market participants to assess financial stability risks and economic developments in a timely and accurate

The Financial Stability Board has published a report on the governance arrangements for the globally harmonised Unique Product Identifier (UPI).   The UPI will uniquely identify the product involved in over-the-counter (OTC) derivatives transactions reported to trade repositories. This will help authorities to aggregate data on OTC derivatives transactions by

Introduction   Financial institutions routinely use models for a broad range of activities, including underwriting credits; valuing exposures, instruments, and positions; measuring risk; managing and safeguarding client assets; determining capital and reserve adequacy; and many other activities.   Given the increasing regularity with which financial institutions deploy models, it is