International

Cybersecurity

FSB Chair Sets Out Focus for Saudi G20 Presidency

By Editors | 21/02/2020

The focus areas include LIBOR transition, BigTechs in financial services, and the development of a cyber risk effective practices tookit.

Capital Adequacy

ISDA Publishes Uncleared Margin Implementation Project Checklist

By Editors | 21/02/2020

The checklist is suggested as a resource guide to highlight key implementation considerations for entities expecting to come into scope in September.

Structural Regulation

European Commission Launches MiFID II Review

By Editors | 20/02/2020

The introduction of a consolidated tape and enhancements to investor protection are high priority items in the review.

PEPs & Sanctions

Huawei Alleges HSBC Continued Evading Sanctions After 2012 DPA

By Editors | 20/02/2020

HSBC continued to evade Iran sanctions after its 2012 deferred prosecution agreement with the US Department of Justice, Huawei lawyers say in a letter to a New York District Court.

Credit Risk

OECD Warns of Global Debt Pileup from Corporate Bonds

By Editors | 19/02/2020

High leverage in the corporate sector make it essential to improve the ability of equity markets to strengthen corporate balance sheets and support long-term investments.

Capital Adequacy

JBA Rebuts BCBS Proposal on Sovereign Exposure Disclosures

By Manesh Samtani | 18/02/2020

The JBA said the BCBS should focus on ensuring full, timely and consistent implementation of Basel III reforms, rather than setting “fragmentary voluntary add-ons”.

Structural Regulation

ESMA Seeks BMR Exemptions for Noncritical, Third-country Benchmarks

By Manesh Samtani | 18/02/2020

ESMA says BMR’s wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.

Clearing & Post-Trade

CCP12 Highlights Remaining Transparency Issues in OTC Derivatives

By Editors | 17/02/2020

A new CCP12 paper highlights a lack of transparency in the amount of collateral posted in bilateral markets, which is needed to more accurately assess liquidity requirements and latent risks.

PEPs & Sanctions

OFAC Quietly Blocks Payments with Indirect Links to North Korea – Report

By Editors | 14/02/2020

In private communications with banks, OFAC has been blocking usually-permissible payments with any overseas account that officials believe separately handled funds for North Korea.