Market Infrastructure

FIA Updates CCP Risk Management Framework After Nasdaq Member Default

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.

Market Infrastructure

ISDA Releases Preliminary Results on Benchmark Fallbacks Consultation

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.

Market Infrastructure

FSB Releases Data Framework on Bank Compensation Practices

26/11/2018

The FSB has recommended a data framework for national regulators to assess bank compensation policies and practices in regard to misconduct risk.

Market Infrastructure

More Work Required to Remove Legal Barriers to Trade Reporting – FSB

22/11/2018

While a number of legal barriers on reporting and accessing of trade data have been removed, some still remain. China’s position on trade data access remains uncertain.

Big Picture

“Good Progress” On OTC Reform Among G20 Nations – FSB

21/11/2018

The FSB found progress in OTC reform implementation on among 24 member jurisdictions, with great strides on trade reporting and higher capital on non-centrally cleared derivatives.

Enforcement

Chinese Exchanges Implement Compulsory Delisting Norms

21/11/2018

The Shanghai and Shenzhen exchanges have implemented rules on the criteria for compulsory delisting of firms accused of major securities, public health or national security related violations.

Capital / Liquidity

RBI Agrees to Ease Bank Capital, Lending Norms Following Board Meeting

20/11/2018

The central bank also agreed to allow SMEs to restructure loans and extend the deadline for banks to comply with the capital conservation buffer by one year.

Market Infrastructure

FSB Urges More Progress on CCP Resolution Regimes

20/11/2018

Progress to enhance the resolvability of SIFIs is advanced in the banking sector, but most jurisdictions do not yet have a comprehensive resolution regime for CCPs in place.

Enforcement

Australia’s Public Prosecutor Gets A$50mn to Go After Banking Misconduct

19/11/2018

Australia to provide approximately A$50 million for public prosecutions and federal court to expand staff and capacity to litigate banking and financial institution misconduct cases.