International

Big Picture

FIA Warns of Market Fragmentation in Global Derivatives Markets

By Garima Chitkara | 14/03/2019

Inconsistent and duplicative regulatory frameworks have led to fragmentation in global and regional derivatives markets, according to a white paper by the FIA.

Fintech / Regtech

DTCC Provides Guidance on Post-Trade Processing for Crypto Assets

By Garima Chitkara | 14/03/2019

New paper offers guiding principles on the provision of post-trade services for crypto assets, including on the governance and risk management structures needed to protect market stability.

Market Infrastructure

MAS, CFTC Agree to Mutually Recognise Derivatives Venues

By Editors | 14/03/2019

The agreement enables US and Singapore OTC derivatives participants to trade with one another on the same platforms, allowing for more efficient risk management.

Market Infrastructure

FSB to Explore Hazards of Leveraged Loan Market – Report

By Editors | 12/03/2019

In particular, the FSB will look at collateralised loan obligations to identify which institutions hold them and assess the risks they may pose in the event of a downturn.

Securities / Derivatives

ISDA Consults on Proposals to Clean Up CDS Market

By Editors | 12/03/2019

The proposals seek to end a trading practice of encouraging otherwise healthy companies to default by offering them favourable financing in order to pocket CDS payouts.

Market Infrastructure

Banks Increasingly Focused on Conduct Risk – FSB

By Editors | 12/03/2019

At an FSB workshop on compensation practices, banks reported an increased focus on conduct risk, management accountability and culture reform.

Market Infrastructure

Japan FSA Official Lays Out G20 Financial Sector Agenda

By Editors | 07/03/2019

Under Japan’s Presidency this year, the G20 financial sector agenda will centre on addressing market fragmentation, technological innovation and the problems of aging societies.

Market Infrastructure

LIBOR Transition Requires Efforts now, Despite BMR Grace Period

By Matthieu Sachot | 07/03/2019

Regardless of the BMR compliance extension, it is important that LIBOR transition programmes continue to progress quickly, says Matthieu Sachot at Chappuis Halder & Co.

Market Infrastructure

BCBS, IOSCO Guidance Offers Some Relief on Margin Requirements

By Manesh Samtani | 07/03/2019

Institutions should start work immediately to ensure readiness for the Phase 5 implementation of margin reform in September 2020, says KPMG’s Tom Jenkins.