International

Clearing & Post-Trade

Industry Bodies Seek Clarity on Temporary Recognition of UK CCPs

By Manesh Samtani | 10/12/2018

ISDA, FIA, AFME and ICMA have written to the European Commission asking for greater clarity on proposed temporary equivalence and recognition of UK-based CCPs in a no-deal Brexit.

Anti-Money Laundering

G20 Nations Commit to Regulating Cryptocurrencies

By Editors | 06/12/2018

G20 nations have signed a joint declaration calling for regulation of crypto assets to combat money laundering and terrorist financing.

Payments & Settlements

SWIFT to Pilot Real-time Error Detection in gpi Payments

By Editors | 06/12/2018

SWIFT gpi pre-validation service will ensure preventable errors and omissions are corrected before initial payment instructions are sent, reducing delays and costs for banks.

Clearing & Post-Trade

Blockchain: State of Play Among Market Infrastructures

By Matthew Chan | 05/12/2018

Rather than disintermediating centralised market infrastructure, DLT is being used to support centralised ecosystems, says Matthew Chan.

Cybersecurity

BCBS Publishes Report on Cyber-Resilience Practices Across Jurisdictions

By Editors | 05/12/2018

The report identifies, describes and compares the range of observed bank, regulatory and supervisory cyber-resilience practices across jurisdictions.

Capital Adequacy

No Shortage of Risks Looming Across Financial System

By Manesh Samtani | 03/12/2018

Banking system reforms will have to adapt to new risks to mitigate the effects of the next financial crisis, said BCBS secretary general William Coen, hinting at a future ‘Basel IV’.

Capital Adequacy

G20 Financial Regulatory Reform Agenda On Track – FSB

By Garima Chitkara | 30/11/2018

Basel III and OTC derivatives reforms were on track and broadly achieving their intended goals. High public debt and rising non-bank financial intermediation remain a focus area for the FSB.

Clearing & Post-Trade

FIA Updates CCP Risk Management Framework After Nasdaq Member Default

By Garima Chitkara | 29/11/2018

The industry body has updated its 2015 framework for CCP risk management to include more robust and transparent margining and higher skin in the game.

Trading & Investment

ISDA Releases Preliminary Results on Benchmark Fallbacks Consultation

By Garima Chitkara | 28/11/2018

ISDA will likely look to the ‘compounded setting in arrears rate’ and the ‘historical mean/median approach’ to spread adjustment for RFRs that will replace discontinued IBORs.