International

Clearing & Post-Trade

ESMA Proposes Relief from EMIR Clearing Obligation in No-Deal Brexit

By Manesh Samtani | 09/11/2018

In a no-deal Brexit, ESMA’s proposal would give EU firms 12 months to replace UK counterparties in legacy derivative contracts without triggering the EMIR clearing obligation.

Clearing & Post-Trade

DTCC Enters Test Phase on DLT Project for Credit Derivatives

By Manesh Samtani | 08/11/2018

The initiative to re-platform DTCC’s Trade Information Warehouse will “revolutionise the derivative industry’s credit market infrastructure”, says DTCC’s Chris Childs.

Anti-Money Laundering

FATF Issues Guidance on Securities Sector Risk-based Approach

By Editors | 02/11/2018

The guidance supports the design and implementation of the risk-based approach for securities products and services, which can create opportunities for criminals to launder proceeds of crime.

Clearing & Post-Trade

European Firms Will Have Access to UK Clearing in No-Deal Brexit

By Manesh Samtani | 01/11/2018

European traders will temporarily be able to use UK derivatives clearing services even without a Brexit deal in place, according to the European Commission’s Valdis Dombrovskis.

Capital Adequacy

More Progress Needed on Basel III Implementation – BCBS

By Manesh Samtani | 29/10/2018

Basel Committee report shows limited progress in adoption of NSFR, SA-CCR, securitisation framework, and bank capital requirements for equity in funds.

Anti-Money Laundering

Urgent Action Needed to Prevent Misuse of Virtual Assets – FATF

By Manesh Samtani | 23/10/2018

There is an urgent need for all jurisdictions to take coordinated action to prevent the use of virtual assets for crime and terrorism, the FATF said.

Payments & Settlements

Banks Team Up to Develop Digital Trade Finance Network

By Manesh Samtani | 23/10/2018

The ‘Trade Information Network’ is expected to be production-ready by Q3 2019, representing the “first inclusive global multi-bank, multi-corporate network in trade finance”.

Capital Adequacy

Basel Invites Feedback On Leverage Ratio Reform

By Garima Chitkara | 19/10/2018

The Basel Committee is inviting feedback on the approach to reforming the leverage ratio as it applies to client cleared derivatives.

Clearing & Post-Trade

DLT Can Process Peak Equity Trading Volumes – DTCC

By Manesh Samtani | 18/10/2018

The results of the study prove that distributed ledger technology’s performance can scale to meet the needs of markets of different sizes and maturity, says DTCC’s Murray Pozmanter.