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Big Picture
Automating Regulatory Compliance in DLT-based Markets: BIS Paper
By Manesh Samtani | 23/09/2019
The paper makes the case for a “embedded supervision”, a regulatory framework that automates compliance monitoring using the information in a distributed ledger.
Market Infrastructure
Singapore Convention Ushers in New Era for International Mediation
By Amanda Lees | 23/09/2019
The Singapore Convention further legitimises mediation as a viable method of cross-border dispute resolution, say Amanda Lees and Eric Chan at Simmons & Simmons.
Big Picture
Financial Firms Largely Unprepared for LIBOR Transition: Survey
By Editors | 19/09/2019
Although 84% of financial firms have a formal LIBOR transition plan in place, only 18%of them describe their programmes as ‘mature’, according to a new Accenture report.
Market Infrastructure
ISDA Consults on Final Parameters for Benchmark Fallback Adjustments
By Manesh Samtani | 19/09/2019
Based on the results, the 2006 ISDA Definitions will be adjusted to incorporate fallbacks for new IBOR trades, and a protocol for including fallbacks in legacy IBOR contracts will be published.
Securities / Derivatives
BIS Survey Reveals Rising Significance of Asian FX Hubs
By Manesh Samtani | 18/09/2019
Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.
Fintech / Regtech
Big Data: Who’s Writing the Rules of the Game?
By CorporateTreasurer | 17/09/2019
A recent whitepaper commissioned by Deutsche Bank looks at the need for effective regulations for cross-border data sharing and the ethical use of artificial intelligence.
Big Picture
Climate Risk Resilience Vital for Financial Stability: S&P
By Manesh Samtani | 16/09/2019
Banks need to act now to minimise future climate-related costs and the impact on their creditworthiness, says a new report from S&P Global Ratings.
Market Infrastructure
DTCC Outlines ‘No-Touch’ Vision for Post-Trade Processing
By Editors | 13/09/2019
Much of today’s post-trade process is still handled manually, resulting in greater risk, errors and costs, says DTCC in a new white paper, highlighting the need for a new approach.
Market Infrastructure
IOSCO Recommends UTC as Standard Clock for Timestamping
By Editors | 12/09/2019
IOSCO is seeking feedback on a recommendation that all member jurisdictions use UTC as the standard reference time source for timestamping reportable events.
Fintech / Regtech
Half of IT Budgets to Go to Cloud Services in 2020: Refinitiv
By Editors | 10/09/2019
Financial firms say public cloud projects are delivering better-than-expected cost reductions and enabling innovation, but data privacy and regulatory concerns are slowing adoption.
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