BIG PICTURE

Big Picture

Calls to Recalibrate CCP Margin Models Are Misplaced: WFE

By Editors | 14/01/2021

The procyclicality of initial margin models is a property of the system as a whole and so requires system-wide solutions, the WFE says in a new paper.

Big Picture

DTCC Outlines Key Risk Management Priorities for FMIs

By Editors | 14/01/2021

In a new white paper, DTCC highlights the need for financial market infrastructures to focus on risks created or exacerbated by the impact of the pandemic.

Market Infrastructure

CCPs Should Limit Procyclical Changes to Initial Margin: ISDA

By Editors | 11/01/2021

Procyclical changes to initial margin levels ended up draining liquidity from the market and contributing to market stress during the March/April market turmoil.

Big Picture

ASIFMA Offers Recommendations to Address ESG Data Challenges

By Editors | 22/12/2020

The report, released by ASIFMA and FOSDA, says the recommendations are critical to supporting and enabling the further development of green and sustainable markets in Asia.

Securities / Derivatives

Fast Growing NBFI Sector Presents Financial Stability Risk: FSB

By Editors | 17/12/2020

NBFI that poses financial stability risk grew by 11.1% in 2019, at a faster pace than the average 7.1% annual growth rate from 2013-18.

Big Picture

APAC Overtook US in AML Penalties For 2020: Fenergo

By Editors | 10/12/2020

APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.

Capital / Liquidity

Big Banks Were Progressing on Basel III Agenda Prior to Covid

By Editors | 10/12/2020

Under full phase-in of the final Basel III standards, the capital shortfalls at Group 1 banks were €10.7bn based on end-December 2019 data, compared with €16.6bn at end-June 2019.

Capital / Liquidity

APRA’s Revised Capital Rules Could Promote Competition: Fitch

By Editors | 10/12/2020

The proposals could improve the competitive position of standardised banks relative to advanced banks, particularly in relation to residential mortgage portfolios.

Big Picture

Financial Services Driving Growth in Singapore Blockchain Use

By Editors | 09/12/2020

The Singapore Blockchain Ecosystem Report 2020 says the use of blockchain in Singapore’s financial sector is driven by industry collaboration to address common pain points.