International

Capital / Liquidity

Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

By Garima Chitkara | 26/04/2018

Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

Enforcement

FSB Publishes Toolkit on Combatting Misconduct

By Editors | 24/04/2018

Toolkit offers options on standards and codes of behavior, measures related to wholesale market conduct, guidance on compensation, and tools for strengthening governance.

Market Infrastructure

GFMA Publishes Market Transparency Guidelines

By Editors | 19/04/2018

Trend towards market transparency across structurally different markets and jurisdictions highlights need for shared global principles.

Big Picture

IMF Chief Offers Regulatory Leadership on Crypto Assets

By JP Reimann | 17/04/2018

IMF can play key role to develop global regulatory approach; Lagarde calls for systemic risk assessment, expresses hope for crypto to improve financial ecosystem.

Market Infrastructure

Exempt Post-trade Risk Reduction Services from EMIR Clearing Obligations – ISDA

By Garima Chitkara | 12/04/2018

ISDA white paper touts compression and counterpart rebalancing as “crucial” post-trade risk management tools that should be exempt from clearing obligations under EMIR.

Market Infrastructure

CPMI-IOSCO Publish Multi CCP Stress Testing Framework

By Editors | 12/04/2018

Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.

Market Infrastructure

CPMI-IOSCO Issues Technical Guidance on OTC Derivatives Data

By Manesh Samtani | 12/04/2018

Guidance excludes UTI and UPI standards, includes parameters for how data should be reported rather than specific regulatory requirements.

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.