INTERNATIONAL

Market Infrastructure

CFTC Chairman Seeks Formal Guidance on Phase 5 Initial Margin

By Manesh Samtani | 06/05/2019

Chairman Giancarlo seeks regulatory guidance clarifying that entities with calculated initial margin amounts less than $50mn need not make preparations to exchange initial margin.

Fintech / Regtech

FIs Need to Automate to Meet Tax Reporting Obligations – Report

By Editors | 06/05/2019

As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.

Market Infrastructure

SWIFT Launches Payment Investigation, Resolution Capability

By Editors | 03/05/2019

The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.

Market Infrastructure

FSB Designates UK Agency as Sole UPI Service Provider

By Editors | 03/05/2019

The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.

Capital / Liquidity

Eight Jurisdictions Yet to Adopt Resolution Frameworks – FSB

By Garima Chitkara | 30/04/2019

Eight major jurisdictions are yet to adopt resolution planning. Further work is needed on resolution planning for D-SIBs and other banks, as well as on cross-border cooperation on bank resolutions.

Fintech / Regtech

Eight Firms Pass Initial Screening for GFIN Cross-Border Testing Pilot

By Manesh Samtani | 30/04/2019

Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.

Market Infrastructure

Culture & Conduct: the Global Regulatory Agenda

By Jeffrey Kupfer | 29/04/2019

The UK FCA has been a definitive leader in driving the global supervisory agenda in relation to culture and conduct risk, say Jeff Kupfer and Stephen Scott at Starling Trust Sciences.

Big Picture

Central Banks Call for Collective Action to Mitigate Climate Risks

By Editors | 23/04/2019

The Central Banks and Supervisors ‘Network for Greening the Financial System’ has published a report providing recommendations to mitigate climate-related financial risks.

Market Infrastructure

Settlement Workflow Needs to be Fully Automated – DTCC

By Editors | 18/04/2019

Settlement processes are attracting more attention as regulators require shorter and more certain settlement, with potential penalties for noncompliance.