International

Market Infrastructure

IOSCO Members, ESMA Can Exchange Information Post-GDPR

By Editors | 15/02/2019

A decision by the European Data Protection Board will enable the continued sharing of information between ESMA and securities regulators outside the EU, in compliance with GDPR.

Fintech / Regtech

BigTechs, Outsourced Services Pose Financial System Risk – FSB

By Manesh Samtani | 14/02/2019

The FSB warns that BigTechs can achieve scale in finance very quickly, raising competitive pressures on incumbents. Rising dependencies on third-party services also present risks.

AML / KYC

Data Privacy, Cybersecurity, Conduct in Focus in APAC

By Manesh Samtani | 14/02/2019

Data privacy, conduct & culture, cybersecurity and AML will be in focus in APAC for the next three years, according to a new report from Fenergo.

Market Infrastructure

Implementation of Secondary Market Principles “Generally High” – IOSCO

By Editors | 13/02/2019

IOSCO has identified some gaps in the implementation of its ‘Secondary and Other Market Principles’, particularly in nascent and emerging market jurisdictions.

Market Infrastructure

FSB Details Work Programme for 2019

By Manesh Samtani | 13/02/2019

In addition to identifying emerging risks, the FSB will focus on finalising, operationalising and monitoring the implementation of post-crisis reforms.

Fintech / Regtech

FSB Chair Focused on Assessing Reform Effects, New Risks

By Garima Chitkara | 12/02/2019

The FSB is launching new studies to assess the impact of post-crisis reforms while actively working to identify new sources of risk to the financial sector.

Capital / Liquidity

Full Implementation of Basel III Needed at the National Level

By Manesh Samtani | 11/02/2019

The current system of national implementation does not favour full implementation of post-crisis regulatory reform, says German central banker Joachim Wuermeling.

Securities / Derivatives

ISDA Launches Digital Platform to Automate IM Documentation

By Editors | 07/02/2019

‘ISDA Create – IM’ is expected to significantly reduce the time and resources it takes to negotiate margin documentation for participants in non-cleared OTC derivatives markets.

Big Picture

Board, Compliance Engagement Lacking in Technology Adoption

By Manesh Samtani | 07/02/2019

Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.