International

Market Infrastructure

Data Localisation Policies Impair Provision of Financial Services – GFMA

By Manesh Samtani | 25/03/2019

The GFMA urges policymakers to develop alternatives to data localisation policies that ensure data protection while still supporting the financial services sector and the end-users it serves.

Securities / Derivatives

ISDA Publishes Full Version of Derivatives Lifecycle Blueprint

By Editors | 22/03/2019

The ISDA Common Domain Model for interest rate and credit derivatives has been published, part of a push to standardise global derivatives trading and automate market practices.

Fintech / Regtech

GFMA, PwC Identify Technology Challenges for Investment Banks

By Manesh Samtani | 22/03/2019

A new report from the GFMA and PwC says third-party providers could pose a challenge to banks’ core offerings if banks are not keeping pace with innovation.

Capital / Liquidity

Basel III Monitoring Reveals Fall in Big Banks’ Capital Ratios

By Editors | 21/03/2019

The latest monitoring exercise indicates that all banks are meeting CET1 and LCR requirements, but that the biggest banks’ capital ratios have fallen for the first time.

Market Infrastructure

FMSB Reports Progress in Enhancing Market Conduct Standards

By Editors | 20/03/2019

The FICC Markets Standards Board, in its 2018 annual report, highlighted key achievements to enhance standards of behaviour in wholesale FICC markets.

Market Infrastructure

ISDA, FIA, IIF Publish CCP Resolution Incentives Analysis

By Garima Chitkara | 18/03/2019

ISDA, FIA and IIF members dispute the appropriateness of extending the NCWOL safeguard to equity holders, and debate the size of the “skin-in-the-game” tranche.

AML / KYC

BCBS Sets Out Minimum Expectations for Banks Exposed to Crypto

By Editors | 18/03/2019

The minimum prudential expectations for banks exposed to crypto-assets relate to due diligence, governance and risk management, public disclosure and supervisory dialogue.

Market Infrastructure

CPMI-IOSCO Report Progress in PFMI Implementation

By Editors | 15/03/2019

23 of 28 jurisdictions that participate in the CPMI-IOSCO implementation monitoring programme have adopted measures for all financial market infrastructure types, compared to 21 last July.

Market Infrastructure

For Cybersecurity Best Practice, Look to the Finance Industry

By Pieter Danhieux | 14/03/2019

Security expert Pieter Danhieux discusses how firms can improve culture, training programmes and coding practices, to help the financial industry maintain leadership in cybersecurity.