International

Capital / Liquidity

Basel III Monitoring Report Shows Shrinking TLAC Shortfalls

By Editors | 03/10/2019

Based on the 2022 requirements, two of 24 G-SIBs reporting TLAC data have a combined shortfall of €32.6 billion , less than half the shortfall reported six months earlier.

Securities / Derivatives

IOSCO Publishes Updates on MMF, Securitisation Regulation

By Editors | 03/10/2019

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.

Securities / Derivatives

WFE Partners with UN Sustainable Stock Exchanges Initiative

By Editors | 30/09/2019

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.

Market Infrastructure

Most Rules to Prevent Complex Product Mis-selling Already in Place

By Editors | 27/09/2019

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.

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.

Market Infrastructure

CFTC Proposals on Foreign CCPs Can be Improved: WFE

By Editors | 26/09/2019

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.

Securities / Derivatives

US, UK Agencies Work to Clean Up Credit Derivatives Market

By Editors | 24/09/2019

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

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.