International

Fintech / Regtech

Innovation Hubs Are More Effective Than Sandboxes

By Manesh Samtani | 10/10/2019

Innovation hubs provide all the benefits associated with regulatory sandboxes, while avoiding most of the downsides, says a new paper from UNSW Law.

Capital / Liquidity

ISDA Chief Calls for Specific Changes to CVA Framework

By Editors | 09/10/2019

The current CVA rules due for implementation in January 2022 could lead to an inappropriately sharp increase in capital requirements for derivatives businesses.

Capital / Liquidity

Initial Margin Challenges Confronting Asian Markets

By Purtini Joshi | 08/10/2019

DTCC’s Purtini Joshi outlines three key challenges firms need to address to ensure compliance with Phase 5 and Phase 6 implementation of initial margin regulations.

Market Infrastructure

FMSB Issues Good Practice Statements on Information Confidentiality

By Editors | 03/10/2019

The FICC Markets Standards Board offers guidance to help fixed income and commodities market participants understand what information can be shared, internally and otherwise.

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.