BIG PICTURE

Big Picture

Hong Kong Making Slow Progress on Open Banking: S&P

By Editors | 03/10/2019

S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.

Big Picture

EU Equivalence Needed on Cross-Border Intragroup Transactions

By Editors | 01/10/2019

ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.

Big Picture

BIS Warns of Potential Financial Distress from CLO Market

By Editors | 26/09/2019

CLO losses experienced by non-bank investors such as hedge funds and insurance companies could present risks to banks, the BIS says in its quarterly review.

Big Picture

DTCC Calls on Industry to Prioritise Business Resilience Efforts

By Editors | 24/09/2019

Firms must establish resilience as a business-owned strategic initiative, and be willing to prioritise business resilience over efficiency in some cases, says a new DTCC whitepaper.

Big Picture

Automating Regulatory Compliance in DLT-based Markets: BIS Paper

By Manesh Samtani | 23/09/2019

The paper makes the case for a “embedded supervision”, a regulatory framework that automates compliance monitoring using the information in a distributed ledger.

Big Picture

Financial Firms Largely Unprepared for LIBOR Transition: Survey

By Editors | 19/09/2019

Although 84% of financial firms have a formal LIBOR transition plan in place, only 18%of them describe their programmes as ‘mature’, according to a new Accenture report.

Big Picture

Moody’s Becomes Second Agency to Downgrade Hong Kong Outlook

By Editors | 17/09/2019

Moody’s says the downgrade of Hong Kong’s outlook to negative is the result of a shift in its equilibrium with China, in addition to the ongoing protests in the city.

Big Picture

Climate Risk Resilience Vital for Financial Stability: S&P

By Manesh Samtani | 16/09/2019

Banks need to act now to minimise future climate-related costs and the impact on their creditworthiness, says a new report from S&P Global Ratings.

Market Infrastructure

DTCC Outlines ‘No-Touch’ Vision for Post-Trade Processing

By Editors | 13/09/2019

Much of today’s post-trade process is still handled manually, resulting in greater risk, errors and costs, says DTCC in a new white paper, highlighting the need for a new approach.