INTERNATIONAL

Market Infrastructure

SWIFT Pilots Enhanced Multi-Bank Cross Border Payment Standard

By Editors | 29/07/2018

Pilot participants of SWIFT enhanced gpi standard include 10 multinational corporates and 12 banks; new standard to enable multinational firms to initiate and track gpi payments to and from banks in a single format and integrate payment flows with internal systems.

Market Infrastructure

CPMI-IOSCO Report Shows PFMI Implementation Progress

By Manesh Samtani | 27/07/2018

21 of 28 jurisdictions self-attest to full implementation of PFMI; South Korea’ implementation gap relates to trade repositories, while Indonesia’s relates to clearing and settlement systems.

AML / KYC

Crypto a Key Focus of FATF Report to G20

By Manesh Samtani | 26/07/2018

FATF is actively monitoring crypto assets for AML/CTF risks and is reviewing its guidance and standards to determine if changes are needed to reflect their technical aspects.

Securities / Derivatives

SFTR to Require Five Times More Reports Than Trades – DTCC

By Manesh Samtani | 26/07/2018

New paper highlights the impact of incoming securities finance trade reporting obligations on the industry including collateral supply, liquidity and operations.

Market Infrastructure

A Different Approach to Accelerating Settlement and Reducing Risk

By Murray Pozmanter | 19/07/2018

Optimising settlement and moving beyond T+2 will enable firms to reduce capital requirements, systemic risk and operational costs while preserving resiliency of existing infrastructure.

Crypto / Digital Assets

Crypto Assets Come Under International Regulatory Scrutiny

By Garima Chitkara | 19/07/2018

The FSB submitted a report to the G20 detailing a framework to monitor potential contagion risks and wealth effects arising from crypto-assets.

Market Infrastructure

ISDA Consults on Fallback Benchmarks for Discontinued IBORs

By Garima Chitkara | 16/07/2018

ISDA proposes adjustment options that will be applicable to fallback rates in the event a derivative references an IBOR that has been permanently discontinued; FSB cautions on the use of overnight RFR to replace term IBORs.

Market Infrastructure

ESMA Seeks Extension of Intragroup Clearing Exemption

By Garima Chitkara | 16/07/2018

In intragroup transactions involving a third country entity, ESMA is seeking to extend its temporary clearing exemption for derivatives transactions.

Crypto / Digital Assets

RISE HK: Regulation Needed to Clean Up Crypto Sector

By Manesh Samtani | 12/07/2018

At the RISE conference in Hong Kong this week, industry participants called for regulation in the crypto sector “earlier rather than later”, to avoid backlash which could set the industry back.