International

Market Infrastructure

Insurance a Critical Part of Cyber Risk Response – MAS

By Manesh Samtani | 01/02/2019

Only 6% of global cyber insurance premiums come from APAC, said MAS division head Elean Chin at the launch of a new report which reveals the inadequacy of cyber risk preparedness.

Market Infrastructure

Regulatory Fragmentation Heightens Derivatives Market Risk – ISDA

By Manesh Samtani | 31/01/2019

Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.

AML / KYC

Wolfsberg Group Publishes New Guidance on Sanctions Screening

By Editors | 29/01/2019

It aims to show where sanctions screening can be an effective part of a wider sanctions compliance programme, where it has limitations, and where a risk based approach is appropriate.

Market Infrastructure

ICE White Paper Introduces New LIBOR Alternative

By Editors | 28/01/2019

The ‘US Dollar ICE Bank Yield Index’ is fully transaction-based and designed to measure the yields at which investors are willing to invest US dollar funds on a wholesale, unsecured basis.

Big Picture

ISDA Lays Out CCP Best Practices Following Nasdaq Default

By Garima Chitkara | 25/01/2019

Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.

Market Infrastructure

BIS Research Unit Offers Recommendations for Capital Market Development

By Editors | 24/01/2019

The report highlights the importance of macroeconomic stability, market autonomy, strong legal frameworks and effective regulatory regimes in supporting capital market development.

Capital / Liquidity

Basel Regulators Consider 2020 Initial Margin Relief

By Manesh Samtani | 21/01/2019

Although it is still unclear which of the proposals will be adopted, the industry sees the data as so compelling that regulators will recognise the need for some form of relief.

Capital / Liquidity

Principles on Liquidity Risk Management Remain ‘Fit For Purpose’ – BCBS

By Editors | 18/01/2019

Based on a review initiated in 2017, the Basel Committee says its 2008 Principles for Sound Liquidity Risk Management Supervision remain fit for purpose, while warning of risks ahead.

Fintech / Regtech

HSBC to Enable Blockchain-based FX Settlement Platform for Clients

By Editors | 15/01/2019

In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.