INTERNATIONAL

Market Infrastructure

Giancarlo Proposes Multilateralism in CFTC Cross-border Approach

By Manesh Samtani | 03/10/2018

In a white paper, Giancarlo proposes an alternative cross-border framework that pursues multilateralism and gives deference to non-US jurisdictions with comparable G20 swaps reforms.

Market Infrastructure

JP Morgan Blockchain-based Payments Platform Gains Traction

By Manesh Samtani | 01/10/2018

The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.

Market Infrastructure

ISDA Chief Urges Early Preparation for ‘Enormous Challenges’ of 2020

By Manesh Samtani | 27/09/2018

The industry will need to start preparing quickly to meet the challenges facing the derivatives market, which will reach a critical point in 2020, says ISDA CEO Scott O’Malia.

Capital / Liquidity

Majority of Banks Unprepared for FRTB’s 2022 Deadline – Report

By Manesh Samtani | 20/09/2018

An IHS Markit survey of 34 banks in North America, Europe and Australia suggests the industry needs to move more quickly to get their target risk architectures for FRTB in place by 2022.

Market Infrastructure

High Speed Markets a Challenge for Central Banks

By Manesh Samtani | 20/09/2018

Modern market infrastructure and the volumes of data they bring present a challenge to central banks in the way they monitor markets to fulfil their mandates.

Securities / Derivatives

IOSCO Publishes Guidance Addressing Equity Raising Conflicts of Interest

By Editors | 19/09/2018

The guidance comprises eight measures to address conflicts of interest and sets standards of conduct for market intermediaries in the equity capital raising process.

Market Infrastructure

Independent Amount – 10 Years and No Change Since Lehman Collapse

By Matthieu Sachot | 19/09/2018

Counterparties are exposed to material downside risk in posting collateral without restrictions on rehypothecation or non-segregation, says Matthieu Sachot at Chappuis Halder & Co.

Market Infrastructure

ISDA Forum: Asia’s Banks Not Ready for 2020 Initial Margin Deadline

By Garima Chitkara | 18/09/2018

Banks and buy-side firms should begin compliance processes to meet the September 2020 deadline as early as possible, urged panellists at the ISDA Industry and Regulatory Forum.

AML / KYC

Global Regulation Continues to Increase KYC Complexity – Accuity

By Editors | 18/09/2018

The KYC process has become increasingly complex, with rising costs, onerous processes and a skills shortage presenting challenges for compliance staff, says an Accuity report.