INTERNATIONAL

Market Infrastructure

MiFID II Could Kill Quality Investment Research

By Peter Guy | 09/04/2018

If almost all communications between sales-traders and clients is classified as “research”, severe distortions will hit the economics of quality investment insights.

Securities / Derivatives

IOSCO Issues Corporate Bond Transparency Recommendations

By Editors | 07/04/2018

Better access to information will aid regulator functions, enhance cross-border information sharing, enable better informed investment decisions, boost market liquidity.

Fintech / Regtech

GFMA Publishes Common Approach for Cyber Penetration Testing

By Manesh Samtani | 05/04/2018

New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.

Capital / Liquidity

BCBS Publishes Study on Early Supervisory Intervention Practices

By Editors | 03/04/2018

Intervention action should be taken to correct unsafe or unsound banking practices before rules and buffers are materially breached.

Capital / Liquidity

Decline of the House of Basel

By Peter Guy | 26/03/2018

The Basel regime has shown itself to be incomplete and not universally applicable. With the Trump administration seeking to allow a return to proprietary trading, profound implications for global banks’ risk management are only just beginning to surface.

Capital / Liquidity

Basel Committee Revises Capital Rules Under FRTB

By Manesh Samtani | 25/03/2018

Proposals include enhanced risk sensitivity and reduced risk weights for standardised approach; eased assessment process for internal models.

Market Infrastructure

Systemically Damaging Cyber-attack Inevitable – DTCC

By Manesh Samtani | 21/03/2018

White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.

AML / KYC

Supervisory Flaws Hurting Remittance Providers – FSB

By Manesh Samtani | 19/03/2018

Report says AML/CTF and other supervisory shortfalls limit remittance providers’ access to banking services; makes 19 recommendations to address barriers.

AML / KYC

FSB Reports Progress on Correspondent Banking Decline

By Manesh Samtani | 19/03/2018

Report discusses strengthening due diligence tools to support correspondent banking relationships and improved monitoring.