INTERNATIONAL

Market Infrastructure

CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing

By Editors | 29/11/2020

The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.

AML / KYC

FTSE Russell, MSCI Consult on Impact of China Sanctions

By Manesh Samtani | 26/11/2020

FTSE Russell is seeking views on the impact of the sanctions on its indexes. MSCI is asking about the impacts on investment processes.

Capital / Liquidity

BCBS Amends Capital Treatment of Securitisations of NPLs

By Editors | 26/11/2020

NPL securitisation exposures will be subject to 100% risk weight or higher, except for those risk-weighted using the external ratings-based approach.

Market Infrastructure

ORX Expands Operational Risk Taxonomy for Financial Services

By Editors | 26/11/2020

The 2020 iteration of the taxonomy has been extended to include operational risks causes and impacts, to allows firms to add context to their data.

Securities / Derivatives

IOSCO Outlines Priority Areas of Work for Year Ahead

By Editors | 25/11/2020

At its 45th Annual Meeting, the IOSCO Board approved two additional priority themes for 2021 as well as further work to promote consistent sustainable finance disclosures.

AML / KYC

FATF President Calls on G20 to Fully Implement AML Standards

By Manesh Samtani | 24/11/2020

Marcus Pleyer says not all G20 members have taken effective action to make a real difference, despite their public calls for full implementation of the FATF standards.

ESG / Sustainability

FSB Warns of Sharp Falls in Asset Prices from Climate Risk

By ESG Investor | 23/11/2020

Physical and transition risks could combine to increase destabilisation, the FSB says in a new report, citing “numerous sources of uncertainty”.

Market Infrastructure

Industry Bodies Call For Delay to EU Third-country Benchmarks Regime

By Editors | 22/11/2020

ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.

Market Infrastructure

March Market Turmoil Highlighted MMF Vulnerabilities: IOSCO 

By Manesh Samtani | 22/11/2020

In a new report, IOSCO highlights the need for further reform to address vulnerabilities in certain types of non-public money market funds.