Securities / Derivatives

Growing Liquidity Requirements, a Regulatory Hazard for Asset Managers

21/05/2018

Asset managers resist bank-like capital and liquidity regulations being contemplated by regulators. But new requirements appear unavoidable given recent regulatory trends.

Capital / Liquidity

When FRTB Meets the Real World

14/05/2018

The Fundamental Review of the Trading Book was supposed to redefine how banks collectively manage risks. Yet, risk can still be a ‘ghost in the machine’.

AML / KYC

Hong Kong Money Laundering – The River Runs Through It

07/05/2018

While Hong Kong struggles to reduce and contain money laundering activities at existing financial institutions, the role of cryptocurrencies in undermining compliance and enforcement capabilities is overlooked.

AML / KYC

Postcards from the Crypto Frontier

30/04/2018

Like a wild west cowboy town, Asian crypto-trading has overwhelmed regulatory efforts to control and discourage its growth. But regulatory confusion and misunderstanding have created opportunities and pitfalls.

Fintech / Regtech

Ant Financial – A Disruptive Force for Regulators

22/04/2018

Blurring the regulatory distinction between banking and financial technology creates both opportunity and pitfalls.

AML / KYC

Outsourcing Compliance and Cybersecurity is Increasingly Risky Business

16/04/2018

Recent FCA case highlights cost of mismanaged outsourcing. Potential IT problems are brewing for private equity GPs too as big deals systemically overlap banking system.

Market Infrastructure

MiFID II Could Kill Quality Investment Research

09/04/2018

If almost all communications between sales-traders and clients is classified as “research”, severe distortions will hit the economics of quality investment insights.

Capital / Liquidity

Decline of the House of Basel

26/03/2018

The Basel regime has shown itself to be incomplete and not universally applicable. With the Trump administration seeking to allow a return to proprietary trading, profound implications for global banks’ risk management are only just beginning to surface.

Market Infrastructure

China’s Bold Regulatory Reorganisation

19/03/2018

Super regulator’s major obstacle will be resisting the cycles of international financial history while meeting the challenges of a big, fast-growing economy.