International

Market Infrastructure

DSB Opens Consultation on OTC ISIN, CFI Service Provision

By Editors | 02/05/2021

The consultation focuses on cloud resilience, cybersecurity risk assessments, and enhanced support for supplier risk assessment activities.

Market Infrastructure

IFRS Foundation Consults on Revisions to Constitution

By Editors | 02/05/2021

The proposed amendments expand the Foundation’s objectives and set out the structure and function of the new International Sustainability Standards Board.

Securities / Derivatives

Bank Losses from Archegos Collapse to Exceed $10bn

By Sanday Chongo Kabange | 29/04/2021

New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.

AML / KYC

Mitigating Illicit Convergence in Transnational Financial Crime

By Editors | 27/04/2021

Rani Hong, Sasha Lezhnev, Ben Spevack and Che Sidanius discuss efforts under way to prevent the illicit exploitation of legal infrastructures for crime.

AML / KYC

Final Phase of Meng Extradition Case to Be Delayed

By Sanday Chongo Kabange | 25/04/2021

The final phase of the extradition case is being delayed to allow Meng’s lawyers to examine documents being provided by HSBC as a result of a Hong Kong court ruling.

Big Picture

ICMA Explores Role of Repo Market in Sustainable Finance

By Editors | 25/04/2021

A new ICMA paper looks at the intersections between the repo and collateral market and sustainable finance.

Fintech / Regtech

Regulatory Future Proofing with In-Memory Computing

By Editors | 24/04/2021

In-memory analytics tools allow even the most complex of regulatory calculations to be performed in minutes or seconds rather than hours.

AML / KYC

BaFin Files Criminal Complaint Against Deutsche Bank Exec

By Manesh Samtani | 23/04/2021

Alexander Schütz is suspected of using inside information to trade Wirecard shares. A separate probe into EY’s audits of Wirecard is continuing.

Market Infrastructure

DTCC Study Highlights Need to Enhance Post-trade Processes

By Editors | 22/04/2021

The sell-side is seeking enhancements to reconciliations and confirmations capabilities. The buy-side is focusing on fails and collateral management.