International

Capital / Liquidity

BCBS Agrees to Revise Leverage Ratio, Disclosure Requirements

By Editors | 21/06/2019

Margin received from clients allowed to offset cleared derivatives exposure used to calculate leverage ratio. New disclosure requirements will address leverage ratio window dressing.

Market Infrastructure

FMSB Issues Draft Good Practice Statements on Conflicts of Interest

By Editors | 21/06/2019

The FICC Markets Standards Board provides new guidance to help market participants identify, prevent, manage and mitigate conflicts of interest.

Enforcement

US SEC Charges Five Asian Traders for Market Manipulation

By Editors | 21/06/2019

The SEC has charged three Malaysians, one Singaporean and one Chinese national with violating antifraud and market manipulation provisions.

Market Infrastructure

IOSCO Urges Members to Review, Enhance Cyber Standards

By Editors | 19/06/2019

A new report from the IOSCO Cyber Task Force provides an overview of three internationally recognised cyber standards and frameworks used by IOSCO members.

Market Infrastructure

ISDA Calls for Consistency in Implementation of Margin Rules

By Manesh Samtani | 18/06/2019

In order to maximise efficiency, minimise risk and reduce market fragmentation, national regulators must strive for harmonised margin requirements across the globe, ISDA says.

Market Infrastructure

Banks Making Progress on Compensation Practices: FSB

By Editors | 18/06/2019

Most banks now have compensation policies in place that reduce the potential for inappropriate risk-taking. The challenge now is to develop frameworks for assessing their effectiveness.

Market Infrastructure

GLEIF Welcomes FSB Recommendations to Improve LEI Adoption

By Editors | 18/06/2019

The Global Legal Entity Identifier Foundation will assess how to best align itself to respond and support the FSB’s aim of broader LEI adoption globally.

Market Infrastructure

SFTR: An Opportunity to Upgrade, Automate

By Manesh Samtani | 17/06/2019

DTCC’s Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.

Big Picture

DLT Can Enhance Settlement Systems, But Not Replace Them

By Manesh Samtani | 14/06/2019

A new paper from Greenwich Associates says DLT cannot replace settlement infrastructure entirely without imposing the very costs it was designed to reduce.