INTERNATIONAL

Big Picture

Industry Body Publishes Best Practices Paper for CCPs

By Editors | 03/06/2019

Global association CCP12 says in a new paper that a ‘one-size-fits all’ approach to CCPs is inappropriate, and it is critical to recognise jurisdictional differences.

AML / KYC

Financial Crime on the Rise in APAC

By Editors | 31/05/2019

Almost three-quarters of Asia Pacific organisations have been victims of financial crime in the past year, according to recently published survey results by Refinitiv.

Market Infrastructure

Singapore, Malaysia, Vietnam on US Watchlist for Currency Practices

By Manesh Samtani | 31/05/2019

The US Treasury’s monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.

Market Infrastructure

ISDA Chief Says the End is in Sight for IBOR Fallbacks

By Manesh Samtani | 30/05/2019

ISDA chief Scott O’Malia says one year from now, robust fallbacks should be in place for derivatives contracts referencing LIBOR and other IBORs.

Market Infrastructure

Asia Pacific Firms Lagging in LEI Adoption – FSB

By Manesh Samtani | 30/05/2019

Although widespread coverage has been achieved in OTC derivatives and securities markets, LEI adoption remains uneven across jurisdictions, with Asia Pacific lagging.

Market Infrastructure

FSB Works to Develop Cyber Incident Best Practice Toolkit for FIs

By Manesh Samtani | 29/05/2019

In a progress update to the G20, the FSB said it is working to identify and develop effective practices for financial institutions to respond to and recover from cyber incidents.

Market Infrastructure

ISDA Proposes Further Definition Changes to Improve CDS Market

By Editors | 29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.

Crypto / Digital Assets

IOSCO: Key Considerations for Regulating Crypto Trading Platforms

By Editors | 29/05/2019

The key considerations represent specific areas that IOSCO believes jurisdictions could consider in the context of the regulation of crypto-asset trading platforms.

Market Infrastructure

Decline in Correspondent Banking is Universal – CPMI

By Editors | 28/05/2019

Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.