International

Market Infrastructure

FSB Publishes Second UPI Governance Consultation

By JP Reimann | 27/04/2018

Consultation covers fee models and cost recovery, intellectual property, standardisation, competition among UPI service providers, arrangements for UPI reference data library.

AML / KYC

ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime

By Manesh Samtani | 26/04/2018

Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.

Capital / Liquidity

Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

By Garima Chitkara | 26/04/2018

Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

Enforcement

FSB Publishes Toolkit on Combatting Misconduct

By Editors | 24/04/2018

Toolkit offers options on standards and codes of behavior, measures related to wholesale market conduct, guidance on compensation, and tools for strengthening governance.

Big Picture

APAC Firms Failing at Cyber Breach Detection – Report

By Manesh Samtani | 22/04/2018

Asia Pacific firms take over 16 months to detect breaches, compared to over three months globally; over 35 months if breaches detected by external parties.

Market Infrastructure

GFMA Publishes Market Transparency Guidelines

By Editors | 19/04/2018

Trend towards market transparency across structurally different markets and jurisdictions highlights need for shared global principles.

Big Picture

IMF Chief Offers Regulatory Leadership on Crypto Assets

By JP Reimann | 17/04/2018

IMF can play key role to develop global regulatory approach; Lagarde calls for systemic risk assessment, expresses hope for crypto to improve financial ecosystem.

Capital / Liquidity

Japan, China Urge EU Regulators to Relax Foreign D-SIB Rules

By Manesh Samtani | 16/04/2018

Joint letter from Japan, China banking associations say €30bn IPU threshold will make provision of financial services in the EU unsustainable for member banks.

Market Infrastructure

Exempt Post-trade Risk Reduction Services from EMIR Clearing Obligations – ISDA

By Garima Chitkara | 12/04/2018

ISDA white paper touts compression and counterpart rebalancing as “crucial” post-trade risk management tools that should be exempt from clearing obligations under EMIR.