Big Picture

FIA Warns of Market Fragmentation in Global Derivatives Markets

14/03/2019

Inconsistent and duplicative regulatory frameworks have led to fragmentation in global and regional derivatives markets, according to a white paper by the FIA.

Fintech / Regtech

DTCC Provides Guidance on Post-Trade Processing for Crypto Assets

14/03/2019

New paper offers guiding principles on the provision of post-trade services for crypto assets, including on the governance and risk management structures needed to protect market stability.

Fintech / Regtech

FSB Chair Focused on Assessing Reform Effects, New Risks

12/02/2019

The FSB is launching new studies to assess the impact of post-crisis reforms while actively working to identify new sources of risk to the financial sector.

Market Infrastructure

ISDA, FIA, IIF Respond to FSB Paper on CCP Resolution

04/02/2019

The FSB in November consulted on the financial resources CCPs should have for resolution planning and how CCP capital should be treated in the event of resolution.

Big Picture

ISDA Lays Out CCP Best Practices Following Nasdaq Default

25/01/2019

Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.

Enforcement

Australian Regulators Under Scrutiny for Accepting Industry Gifts

23/01/2019

ASIC was reportedly found to have accepted expensive gifts and hospitality from financial firms including Macquarie Bank even as it was under multiple investigations by the corporate regulator.

Market Infrastructure

India Mulls Loosening Norms for New Players in Retail Payments

22/01/2019

Concerned about the concentration risk posed by the NPCI, the central bank has proposed relaxing some requirements for new firms looking to operate payment systems in India.

AML / KYC

Philippine Court Rules in First Conviction in Bangladesh Bank Heist Case

11/01/2019

Former RCBC bank manager Maia Santos-Deguito faces 49 years imprisonment and fines of up to $110mn for her role in the February 2016 theft of $81mn from Bangladesh’s central bank.

Market Infrastructure

RBI Governor Resigns Before Term-End, Citing ‘Personal Reasons’

11/12/2018

Urjit Patel has resigned from his post as governor of the RBI, citing personal reasons, soon after a public dispute erupted between the central bank and the government.