A new white paper by ISDA and King & Wood Mallesons proposes a practical framework for constructing smart derivatives contracts.
In a white paper, Giancarlo proposes an alternative cross-border framework that pursues multilateralism and gives deference to non-US jurisdictions with comparable G20 swaps reforms.
The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.
The industry will need to start preparing quickly to meet the challenges facing the derivatives market, which will reach a critical point in 2020, says ISDA CEO Scott O’Malia.
An IHS Markit survey of 34 banks in North America, Europe and Australia suggests the industry needs to move more quickly to get their target risk architectures for FRTB in place by 2022.
Modern market infrastructure and the volumes of data they bring present a challenge to central banks in the way they monitor markets to fulfil their mandates.
The guidance comprises eight measures to address conflicts of interest and sets standards of conduct for market intermediaries in the equity capital raising process.
Counterparties are exposed to material downside risk in posting collateral without restrictions on rehypothecation or non-segregation, says Matthieu Sachot at Chappuis Halder & Co.
Banks and buy-side firms should begin compliance processes to meet the September 2020 deadline as early as possible, urged panellists at the ISDA Industry and Regulatory Forum.
The KYC process has become increasingly complex, with rising costs, onerous processes and a skills shortage presenting challenges for compliance staff, says an Accuity report.