International

Cybersecurity

FSB Works to Develop Cyber Incident Best Practice Toolkit for FIs

By Manesh Samtani | 29/05/2019

In a progress update to the G20, the FSB said it is working to identify and develop effective practices for financial institutions to respond to and recover from cyber incidents.

Trading & Investment

ISDA Proposes Further Definition Changes to Improve CDS Market

By Editors | 29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.

Cryptocurrency

IOSCO: Key Considerations for Regulating Crypto Trading Platforms

By Editors | 29/05/2019

The key considerations represent specific areas that IOSCO believes jurisdictions could consider in the context of the regulation of crypto-asset trading platforms.

Payments & Settlements

Decline in Correspondent Banking is Universal – CPMI

By Editors | 28/05/2019

Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.

Resolution & Recovery

FSB Seeks Feedback on Effects of Too-Big-To-Fail Reforms

By Editors | 27/05/2019

The FSB is asking if too-big-to-fail reforms have reduced the systemic and moral hazard risks associated with SIBs, and if they affect the functioning of overall the financial system.

Trading & Investment

India INX Allows Direct Trading on LME, ICE, Eurex, Euronext

By Editors | 24/05/2019

The first trade on the LME from India INX took place on 21 May, in copper.

Emerging Prudential Risks

New Structured Finance Transactions Face LIBOR Transition Risks

By Garima Chitkara | 22/05/2019

New covered bonds and securitisation deals face basis and transition risks due to the end of LIBOR in 2021.

Trading & Investment

ISDA Launches Two More Consultations on Benchmark Reform

By Garima Chitkara | 21/05/2019

ISDA is consulting on fallback adjustments for USD LIBOR, HIBOR and Canada’s CDOR. It is also proposing to include the SOFR in Singapore’s SOR calculation following USD LIBOR’s cessation.

Clearing & Post-Trade

Calastone Goes Live with New Blockchain Infrastructure

By Editors | 21/05/2019

The launch comes as funds globally experience significant margin pressures, and amid a need for reduced frictions in cross-border distribution of funds.