Switzerland

Almost a decade after publishing its BCBS 239 principles on data aggregation and reporting, extra work is required across the banking community to be fully complaint, according to a BCBS report published today

The Global Legal Entity Identification Foundation has welcomed the Bank of International Settlements’ Committee on Payments and Market Infrastructures’ advocation for use of the Legal Entity Identifier within ISO 20022 payments

The update considers outstanding standards that remain after the Basel III framework’s 1 January 2023 implementation date, outlining progress that has been made by BCBS member jurisdictions since the end-September 2022 update

The goal of the collaboration is to promote greater transparency in corporate ownership and control in support of safer, faster, and more efficient global payment activities

The most recent Basel III monitoring exercise finds that CET1 ratios for Group 1 banks have grown during H2 2022 to above pre-pandemic levels, rising 0.4 per cent to 13.1 per cent

Project Sela has proven the simplicity of a retail central bank digital currency (rCBDC) ecosystem that combines accessibility, competition and preventative cyber security, while retaining key advantages of physical cash

The Bank of Italy’s Fabio Panetta will become chair of the Bank of International Settlements (BIS) Committee on Payments and Markets Infrastructure on 1 November 2023, replacing the Bank of England’s Sir John Cunliffe

The FSB and IMF have published a report recommending a policy and regulatory response to cryptoasset activities