International

Market Infrastructure

IOSCO Recommends UTC as Standard Clock for Timestamping

By Editors | 12/09/2019

IOSCO is seeking feedback on a recommendation that all member jurisdictions use UTC as the standard reference time source for timestamping reportable events.

Fintech / Regtech

Half of IT Budgets to Go to Cloud Services in 2020: Refinitiv

By Editors | 10/09/2019

Financial firms say public cloud projects are delivering better-than-expected cost reductions and enabling innovation, but data privacy and regulatory concerns are slowing adoption.

Market Infrastructure

Compliance Training Failing to Deliver Meaningful Outcomes

By Editors | 04/09/2019

Efforts to shape employee behaviour through compliance training have failed to deliver meaningful outcomes, says a new report from Quinlan & Associates.

Market Infrastructure

WFE Warns EMIR 2.2 Could Unduly Fragment Global Markets

By Editors | 29/08/2019

The WFE has issued a letter to the European Commission and ESMA outlining principles it says would support the objectives of EMIR 2.2 while limiting its negative consequences.

Market Infrastructure

EU Shareholder Rights Directive – It’s Time for APAC Firms to Act

By Demi Derem | 26/08/2019

Though a European regulation, SRD II will directly impact Asian intermediaries and hundreds of billions of euros in assets held by APAC investors, says Demi Derem at Broadridge.

Market Infrastructure

WFE Explores Sustainability Standards for Commodity Markets

By Editors | 22/08/2019

In a new white paper, the WFE explores potential ways for commodity derivatives exchanges to address the impact of sustainability.

Market Infrastructure

Treasurers and the Libor ‘Pre-Cessation’ Trigger

By CorporateTreasurer | 20/08/2019

Financial firms can’t seem to come to an agreement on the unofficial “pre-cessation” trigger that will signal the beginning of the end for Libor. Meanwhile, SOFR faces some controversy.

AML / KYC

The Long Arm of the Law

By Eric A. Sohn | 19/08/2019

Eric A. Sohn at Dow Jones Risk & Compliance discusses the US’ ability to restrict a firm’s access to correspondent banking services and its financial markets.

Market Infrastructure

ISDA Consultation on LIBOR Pre-Cessation Reveals Mixed Results

By Editors | 12/08/2019

ISDA received responses from 89 entities expressing a “wide variety of views” on whether and how to implement a pre-cessation trigger, with no clear majority for any approach.