Standard Chartered is working with DBS Group on developing distributed ledger technology for trade finance in Singapore, Bloomberg reports. In a bid to make these transactions simpler and more transparent the banks say they have successfully tested the technology with each other, and will invite other companies into the system next year.  The Basel Committee on Banking Supervision's newest consultative document seeks ways "to mitigate potential spillover effects from the shadow banking system to banks." This work is part of the G20 initiative to strengthen the oversight and regulation of the shadow banking system and mitigate the associated potential systemic step-in risks - ie that a bank will provide financial support to an entity beyond, or in the absence of, its contractual obligations should the entity experience financial stress. The proposals would form the basis of an approach for identifying, assessing and addressing step-in risk potentially embedded in banks' relationships with shadow banking entities. The Global Alliance for Banking on Values made its first investments totalling just under US$10 million in Banco Vision (Paraguay) and Financiera Desyfin (Costa Rica), "in line with its strategy of advancing social, environmental and economic development" by providing capital to sustainability-focused banks to help them expand their impact and reach. TOKYO Sumitomo Mitsui Financial Group Inc (SMFG) agreed to buy General Electric's Japanese leasing business for US$4.8 billion, the two companies said on Tuesday.
 The European Banking Authority has published its "final draft" Regulatory Technical Standards on the valuation methodology for derivative liabilities in the case of a bail-in resolution. These standards, which have been developed to meet the framework of the Bank Recovery and Resolution Directive, set out procedures for orderly management of bank failures, provide EU resolution authorities with a way to value derivative liabilities of credit institutions if and when placed under resolution, "and ensure that the discipline brought in by the new bail-in tool can effectively be extended to these liabilities too", the EBA notes.