International

Clearing & Post-Trade

CCPs Should Limit Procyclical Changes to Initial Margin: ISDA

By Editors | 11/01/2021

Procyclical changes to initial margin levels ended up draining liquidity from the market and contributing to market stress during the March/April market turmoil.

Structural Regulation

China, EU Leaders Agree Bilateral Investment Treaty

By Editors | 03/01/2021

China will open multiple industries to EU businesses, removing joint-venture requirements, equity caps and forced technology transfers.

Conduct, Culture & Accountability

IOSCO Issues Guidance on Addressing Misconduct During Stress Events

By Editors | 31/12/2020

Extreme price volatility, profitability pressures, psychological stressors, remote working and aggressive advertising were some of the drivers of misconduct risk during the pandemic.

Stablecoins

US Regulators Call for Responsible Stablecoin Design, Operation

By Editors | 31/12/2020

Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.

Trading & Investment

IOSCO Seeks Views from Market Participants on ETF Market

By Editors | 30/12/2020

IOSCO asks asset managers, liquidity providers and market-makers to help it obtain a more granular understanding of ETFs.

Cryptocurrency

IOSCO Offers Guidance on Educating Investors on Crypto Asset Risk

By Editors | 29/12/2020

The report identifies the possible risks to retail investors in crypto-assets and describes how regulators can help inform them about these risks.

Reporting & Disclosures

FSB Urges Standard Setters to Use TCFD Recommendations

By Editors | 22/12/2020

Using the TCFD recommendations as the basis for developing requirements or guidance for climate-related disclosures will help avoid the risk of market fragmentation, the FSB says.

Reporting & Disclosures

Group of Five Releases Climate-Related Financial Disclosure Prototype

By ESG Investor | 21/12/2020

The proposed standard for sustainability-related financial disclosures builds on TCFD pillars and supports the IFRS consultation on non-financial reporting.

PEPs & Sanctions

ISDA Offers Guidance on Addressing Sanctions in Trading Agreements

By Editors | 20/12/2020

The guidance note helps parties consider whether it may be appropriate to include specific sanctions provisions in ISDA documentation.