International

AML / KYC

Global Regulation Continues to Increase KYC Complexity – Accuity

By Editors | 18/09/2018

The KYC process has become increasingly complex, with rising costs, onerous processes and a skills shortage presenting challenges for compliance staff, says an Accuity report.

Market Infrastructure

Capital Regime a Key Impediment to Accessing Central Clearing

By Manesh Samtani | 13/09/2018

FIA, IFF and GFMA said in a consultative response that the current capital regime overstates the risks of client clearing and raises the costs of providing client clearing services.

Market Infrastructure

DTCC Identifies Post-GFC Opportunities to Enhance Financial Stability

By Manesh Samtani | 13/09/2018

Ten years after Lehman Brothers became insolvent, additional work is needed to fully address financial system vulnerabilities, while at the same time new risks have emerged.

Market Infrastructure

ISIN-to-LEI Mapping Initiative Set to Improve Transparency

By Editors | 05/09/2018

New global initiative announced by ANNA and GLEIF will map ISINs to their corresponding LEIs, effectively linking the issuer and issuance of securities.

Big Picture

Fund Managers Cite Data, Regulation as Major Challenges – State Street

By Manesh Samtani | 30/08/2018

New research from State Street has identified access to distribution data as a major challenge for asset managers; understanding the impact of local regulation on strategy the biggest challenge for product launches.

Fintech / Regtech

The Time for Cloud in Financial Services

By Krishan Chauhan | 29/08/2018

Digital transformation of financial services is well underway, driving the demand for new and innovative solutions such as blockchain and artificial intelligence. These technologies require an ever-increasing set of computational power, storage, and analysis that can be seamlessly provisioned by the cloud.

Market Infrastructure

SOFR Gains Acceptance as LIBOR Alternative

By Manesh Samtani | 22/08/2018

Credit Suisse, the World Bank and Fannie Mae have now all issued new debt referencing the SOFR, which draws from actual repo market transactions to reflect the cost of borrowing cash secured against US government debt.

Market Infrastructure

India Tops Global Data Breach List For 2018 – Report

By Garima Chitkara | 22/08/2018

India, Vietnam and Australia were among the top five jurisdictions globally in terms of records exposed.

Market Infrastructure

Cross Border Data Transfers – An Old Problem, With or Without GDPR

By Peter Lancos | 21/08/2018

The challenges GDPR introduces around Cross Border Data Transfers are not necessarily new problems. They do however make an existing problem just a bit more complicated.