INTERNATIONAL

Market Infrastructure

New Structured Finance Transactions Face LIBOR Transition Risks

By Garima Chitkara | 22/05/2019

New covered bonds and securitisation deals face basis and transition risks due to the end of LIBOR in 2021.

Market Infrastructure

ISDA Launches Two More Consultations on Benchmark Reform

By Garima Chitkara | 21/05/2019

ISDA is consulting on fallback adjustments for USD LIBOR, HIBOR and Canada’s CDOR. It is also proposing to include the SOFR in Singapore’s SOR calculation following USD LIBOR’s cessation.

Market Infrastructure

Calastone Goes Live with New Blockchain Infrastructure

By Editors | 21/05/2019

The launch comes as funds globally experience significant margin pressures, and amid a need for reduced frictions in cross-border distribution of funds.

Market Infrastructure

Nasdaq Launches Global ESG Reporting Guide

By Editors | 17/05/2019

The new guide takes into account the TCFD recommendations, the UN Sustainable Development Goals, WFE guidance and best practices, and Nasdaq’s own pilot programme.

AML / KYC

The Need for a Cross-Sector & Cross-Jurisdictional AML Regime

By Claus Christensen | 16/05/2019

It’s time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.

AML / KYC

Wolfsberg Group Publishes Guidance on Customer Tax Evasion

By Editors | 15/05/2019

Financial institutions should be able to leverage existing financial crime compliance, conduct and tax (including tax transparency regimes) procedures and controls, to address the risks of customer tax evasion.

Capital / Liquidity

ISDA Outlines Key Steps to Initial Margin Compliance

By Manesh Samtani | 13/05/2019

Based on recent BCBS/IOSCO guidance, ISDA estimates that regulatory IM preparation can be deferred for upwards of 70-80% of Phase 5 counterparty relationships.

Big Picture

Financial Sector Cyber Resilience Relies on Global Cooperation – FSB

By Editors | 12/05/2019

Successful cooperation on cyber security will enhance financial sector resilience and prevent fragmentation, said the FSB’s secretary general Dietrich Domanski in speech to the G7.

Capital / Liquidity

BCBS Releases 16th Progress Report on Basel III Adoption

By Garima Chitkara | 10/05/2019

In Asia, most jurisdictions have made progress with Basel III adoption, though most have yet to make progress on non-cleared derivatives margining and CCP regulation.