Financial Stability Board

Clearing & Post-Trade

China, Indonesia, India Slow to Finalise Close-Out Netting Reforms

By Garima Chitkara | 24/04/2019

In its April quarterly round-up, ISDA detailed efforts in the three jurisdictions to ensure legal certainty on close-out netting, seen to be a critical issue for derivatives market development.

Trading & Investment

TMA Consults on HONIA, Hong Kong’s Alternative Rate for HIBOR

By Manesh Samtani | 01/04/2019

The Treasury Markets Association is proposing technical refinements to HONIA to enhance its robustness and representativeness as an alternative reference rate to HIBOR.

Resolution & Recovery

ISDA, FIA, IIF Publish CCP Resolution Incentives Analysis

By Garima Chitkara | 18/03/2019

ISDA, FIA and IIF members dispute the appropriateness of extending the NCWOL safeguard to equity holders, and debate the size of the “skin-in-the-game” tranche.

Emerging Prudential Risks

BCBS Sets Out Minimum Expectations for Banks Exposed to Crypto

By Editors | 18/03/2019

The minimum prudential expectations for banks exposed to crypto-assets relate to due diligence, governance and risk management, public disclosure and supervisory dialogue.

Credit Risk

FSB to Explore Hazards of Leveraged Loan Market – Report

By Editors | 12/03/2019

In particular, the FSB will look at collateralised loan obligations to identify which institutions hold them and assess the risks they may pose in the event of a downturn.

Conduct, Culture & Accountability

Banks Increasingly Focused on Conduct Risk – FSB

By Editors | 12/03/2019

At an FSB workshop on compensation practices, banks reported an increased focus on conduct risk, management accountability and culture reform.

Structural Regulation

HKMA Asks Hong Kong Banks to Prepare for Benchmark Reform

By Editors | 06/03/2019

The HKMA says the transition to alternative reference rates will have significant implications for authorised institutions’ businesses, risk management and operational processes.

Conduct, Culture & Accountability

RBI Proposes Overhaul of Bank Executive Compensation Norms

By Editors | 28/02/2019

The proposals include a minimum 50% variable component, a compulsory deferral mechanism, and clawback provisions to ensure compensation reflects performance.

Capital Adequacy

FSB Explores Effects of Regulatory Reform on SME Financing

By Editors | 27/02/2019

The FSB is seeking feedback on observed trends and drivers in SME financing, and whether regulatory reforms such as Basel III have affected financing to SMEs.