Markets & Infrastructure

Clearing & Post-Trade

ASX Launches Compression Service for OTC Derivatives

By Ranamita Chakraborty | 30/07/2021

In recent years, demand for compression services has risen as market participants look to lower capital costs associated with balance sheet-intensive derivatives.

Fraud, Scams & Cybercrime

Family Offices Should Start Behaving Like Regulated Entities

By Marie Gervacio | 30/07/2021

Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.

Conduct, Culture & Accountability

HKMA Updates Guidance on Bank Remuneration Systems

By Manesh Samtani | 30/07/2021

Banks are expected to review their remuneration systems and adopt all necessary changes by 1 January 2022, the HKMA says.

Operational Risk

Independent Report Finds Risk Control Failures at Credit Suisse

By Sanday Chongo Kabange | 30/07/2021

The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.

Clearing & Post-Trade

ASX to Replace Standard Definitions for Interest Rate Swaps

By Editors | 29/07/2021

From 4 October, all OTC interest rate derivatives contracts will be treated as if they incorporated the new 2021 ISDA Definitions.

Structural Regulation

China Will Still Allow IPOs in the US, CSRC Tells Brokers

By Sanday Chongo Kabange | 29/07/2021

Regulators will continue to allow VIE structures, recognising that they serve as a vital way for companies to attract foreign capital.

Structural Regulation

Singapore Offers Guidance on Converting Legacy SOR Contracts

By Manesh Samtani | 29/07/2021

Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.

Payments & Settlements

Korea FSC Expands Open Banking Services to Fintechs

By Sanday Chongo Kabange | 29/07/2021

Users will be able to access information about their prepaid deposit accounts from mobile applications of any FI offering open banking.

Conduct, Culture & Accountability

Culture & Conduct Risk: The Normalization of Deviance

By Stephen Scott | 29/07/2021

Many still believe that misconduct can be discovered only after it occurs: a ‘detect and correct’ mindset. Starling’s Stephen Scott says a ‘predict and prevent’ approach is starting to emerge.