International

Market Infrastructure

Leveraged Loan, CLO Markets Increasingly Vulnerable to Shock: FSB

By Editors | 20/12/2019

The growth in leverage loan and CLO markets has resulted in increased leverage in the financial system, weaker creditor protections, and increased complexity in these markets, the FSB warns.

Capital / Liquidity

Jurisdictions Continue to Strengthen Deposit Insurance Systems: IADI

By Editors | 19/12/2019

The International Association of Deposit Insurers says the average coverage per depositor per institution has risen substantially in the last 10 years and that depositor reimbursements have sped up.

Market Infrastructure

ISDA Consults on Adjustments for EUR LIBOR, EURIBOR Fallbacks

By Editors | 19/12/2019

The supplemental consultation seeks input on adjustments that would apply to €STR if fallbacks in euro LIBOR or EURIBOR take effect, including the final parameters for these adjustments.

Market Infrastructure

FSB Report Highlights Risks of Continued LIBOR Reliance

By Editors | 18/12/2019

In its latest progress report on benchmark reform implementation, the FSB calls for “significant and sustained efforts” to transition away from LIBOR by end-2021.

Market Infrastructure

FSB Publishes Work Programme for 2020

By Editors | 18/12/2019

The work programme for 2020 reflects the evolving nature of the global financial system and associated risks to financial stability, the FSB says.

Securities / Derivatives

IOSCO Offers Guidance on Reducing Conflicts in Debt Capital Raising

By Editors | 18/12/2019

The guidance includes proposed regulatory measures to address potential conflicts of interest and associated conduct risks that could arise in the debt capital raising process.

Big Picture

Asian Benchmark Administrators Face ‘Perfect Storm’ in 2021

By Manesh Samtani | 17/12/2019

The BMR transition period is now scheduled to end alongside LIBOR’s discontinuation, creating a “perfect storm” of regulatory change for benchmark administrators and users at end-2021.

Capital / Liquidity

Basel Committee Launches Consolidated Basel Framework

By Editors | 16/12/2019

The framework brings together all of the Basel Committee’s global standards for the regulation and supervision of banks.

AML / KYC

SWIFT Opens KYC Registry to Corporate Groups

By Editors | 16/12/2019

Enabling corporate groups on the KYC Registry allows them to improve how their KYC data is structured, while freeing up their banking partners from having to chase down documentation.