INTERNATIONAL

Securities / Derivatives

Japanese Banks Call for Simplified UPI Rules

By Editors | 20/11/2017

Bankers Association says its members already provide legal identifiers under local regulation and the rules of countries in which they operate.

Capital / Liquidity

Europe Tightens Rules on Overseas Credit Rating Endorsements

By Editors | 20/11/2017

Regulator says about two thirds of credit ratings used for regulatory purposes in the EU cover non-EU issuers of financial instruments.

Capital / Liquidity

FSB Reports on ‘Rise of the Financial Machines’, Backs Regtech

By Samuel Riding | 02/11/2017

Report suggests AI and machine learning could create new systemically important players, warns on opacity, audit difficulty.

Capital / Liquidity

BCBS Gives Banks Just 2.5 Years to Work-out Step-in Risk

By Editors | 26/10/2017

Step-in risk guidelines due to be implemented by 2020 will require reporting rather than additional liquidity or capital charges.

BCBS Set to Finalise Last Two Elements of Global Policy Agenda

By Editors | 16/10/2017

BCBS secretary general tells IMF it will publish step-in risk guidelines next month, leaving capital output floor as final element of policy agenda.

Market Infrastructure

US, Europe Agree Margin Requirement, Trading Venue ‘Comparability’

By Editors | 16/10/2017

Swap dealers or major market participants subject to EC margin rules can assume ‘substituted compliance’ when dealing in US.

AML / KYC

Communication Breakdown

By Peter Guy | 09/10/2017

WhatsApp et al have widened a grey area in compliance rival financial messaging services are trying to exploit.

Fintech / Regtech

CPMI, IOSCO Call for Uniformity in UPI Creation, Reporting

By Editors | 02/10/2017

Report proposes that each UPI maps to reference data which indirectly describes an OTCD product without identifying transaction details.

Fintech / Regtech

DLT Not Yet a Solution for Large Central Bank Applications – BOJ

By Samuel Riding | 11/09/2017

Japanese central bank and European counterpart conclude from ‘Project Stella’ tests of DLT in RTGS that the technology is not yet mature enough.