International

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.

Based on the results, the 2006 ISDA Definitions will be adjusted to incorporate fallbacks for new IBOR trades, and a protocol for including fallbacks in legacy IBOR contracts will be published.

Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.

A recent whitepaper commissioned by Deutsche Bank looks at the need for effective regulations for cross-border data sharing and the ethical use of artificial intelligence.

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.

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.

IOSCO is seeking feedback on a recommendation that all member jurisdictions use UTC as the standard reference time source for timestamping reportable events.

Financial firms say public cloud projects are delivering better-than-expected cost reductions and enabling innovation, but data privacy and regulatory concerns are slowing adoption.

Efforts to shape employee behaviour through compliance training have failed to deliver meaningful outcomes, says a new report from Quinlan & Associates.

The WFE has issued a letter to the European Commission and ESMA outlining principles it says would support the objectives of EMIR 2.2 while limiting its negative consequences.