Market Infrastructure

BCBS, IOSCO Guidance Offers Some Relief on Margin Requirements

07/03/2019

Institutions should start work immediately to ensure readiness for the Phase 5 implementation of margin reform in September 2020, says KPMG’s Tom Jenkins.

Fintech / Regtech

Moody’s Explores Credit Implications of Cyber Risk

06/03/2019

Banks are at high risk because they hold the data and funds of private clients, and provide access to their services through multiple online and digital channels, says Moody’s Investors Service.

Market Infrastructure

Urgent Action Needed on UK Trading Venue Equivalence

05/03/2019

ISDA, FIA and eight other industry bodies warn of the disruptive impact that would result if urgent action is not taken by EU authorities to recognise UK derivatives trading venues.

Market Infrastructure

EU Policymakers Agree on Two Years Grace for BMR Compliance

01/03/2019

Policymakers have agreed to give administrators of ‘critical’ EU and ‘non-critical’ non-EU benchmarks two more years to comply with the Benchmark Regulation.

Market Infrastructure

HKEX Three Year Plan Lays Out Global Ambitions

01/03/2019

HKEX plans to introduce A-share futures, expand the stock and bond connect schemes, enable remote market access for Asia Pacific brokers, and modernise its operations.

Capital / Liquidity

More CCP Capital Leads to More Prudent Risk Management – BIS Paper

26/02/2019

For-profit CCPs have incentives that are misaligned with financial stability, typically holding less capital and requiring less from clearing members than is optimal, says a BIS working paper.

AML / KYC

FATF Commends China, Sri Lanka; Watchlists Cambodia

26/02/2019

The Financial Action Task Force has marked the end of its fourth round of mutual evaluations with an announcement of its latest plenary session last week.

Securities / Derivatives

MAS Discusses Supervisory Toolkit for Fund Managers – Speech

19/02/2019

MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.

Enforcement

Former Bangladesh Bank Official Jailed for Graft

19/02/2019

A former Bangladesh Bank assistant director was fined and sentenced to 10 years in jail for misappropriating $61,700 more than 20 years ago.