International

The reports describe progress by IOSCO members to adopt legislation, regulation and other policies covering MMF and securitisation, considered priority reform areas by the G20.

The WFE and SSE will collaborate to enhance ESG disclosure at stock exchanges. They have also jointly published a blueprint for embedding sustainability in stock exchange operations.

Only China, Hong Kong, Japan and Singapore are fully consistent with all nine IOSCO principles on suitability requirements for the distribution of complex financial products.

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.

While the WFE welcomes the CFTC proposals as a step towards reducing regulatory fragmentation, it says they can be made more risk-sensitive and better tailored to today’s markets.

In a joint statement, the SEC, CFTC and FCA have pledged to work together to address “opportunistic strategies" that harm the credit derivatives market.

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.

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

The Singapore Convention further legitimises mediation as a viable method of cross-border dispute resolution, say Amanda Lees and Eric Chan at Simmons & Simmons.

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.