International

Capital / Liquidity

FSB Consults on Third Peer Review on Bank Resolution

By JP Reimann | 06/06/2018

Focus on D-SIBs and other banks that could be systemic in failure and are included in resolution planning at a jurisdictional level; feedback sought by 4 July.

Market Infrastructure

MAS, HKMA Commit to FX Global Code

By Editors | 30/05/2018

Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.

Market Infrastructure

FRTB – Ending or Evolving Trading Culture

By Peter Guy | 28/05/2018

FRTB will force banks to change their operating models, bringing them out of product and trading desk silos. Bank trading culture and the trading desk concept may need to evolve to accommodate a wider picture of risk taking.

Fintech / Regtech

GDPR – Frankenstein’s Monster of Regulation

By Peter Lancos | 22/05/2018

Given the 25 May go-live date, financial institutions in Asia need to immediately consider their obligations under GDPR, which will apply to any firm with clients or employees who are EU citizens.

Capital / Liquidity

US Fed Vice Chairman Suggests Lower Capital Requirements for Foreign Banks

By JP Reimann | 21/05/2018

Vice chairman proposes lowering capital requirements, streamlining resolution rules of failing foreign banks, in acknowledgment of steps taken by other regulators.

Securities / Derivatives

Growing Liquidity Requirements, a Regulatory Hazard for Asset Managers

By Peter Guy | 21/05/2018

Asset managers resist bank-like capital and liquidity regulations being contemplated by regulators. But new requirements appear unavoidable given recent regulatory trends.

Capital / Liquidity

BCBS, IOSCO Target Simple, Transparent Securitisation Structures

By Garima Chitkara | 16/05/2018

Preferential regulatory capital treatment to be applied for banks acting as investors in or as sponsors of short-term securitisations that meet ‘simple, transparent and comparable’ criteria.

Fintech / Regtech

IOSCO Meets to Discuss Investor Protection, Emerging Risks

By JP Reimann | 15/05/2018

Board to develop support framework to help members address impact of ICOs on investor protection; agree to launch ‘Fintech Network’ to facilitate collaboration on fintech.

Capital / Liquidity

When FRTB Meets the Real World

By Peter Guy | 14/05/2018

The Fundamental Review of the Trading Book was supposed to redefine how banks collectively manage risks. Yet, risk can still be a ‘ghost in the machine’.