International

Emerging Prudential Risks

BCBS Sets Out Minimum Expectations for Banks Exposed to Crypto

By Editors | 18/03/2019

The minimum prudential expectations for banks exposed to crypto-assets relate to due diligence, governance and risk management, public disclosure and supervisory dialogue.

Structural Regulation

CPMI-IOSCO Report Progress in PFMI Implementation

By Editors | 15/03/2019

23 of 28 jurisdictions that participate in the CPMI-IOSCO implementation monitoring programme have adopted measures for all financial market infrastructure types, compared to 21 last July.

Cybersecurity

For Cybersecurity Best Practice, Look to the Finance Industry

By Pieter Danhieux | 14/03/2019

Security expert Pieter Danhieux discusses how firms can improve culture, training programmes and coding practices, to help the financial industry maintain leadership in cybersecurity.

Structural Regulation

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.

Tokenisation

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.

Structural Regulation

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.

Credit Risk

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.

Market Abuse

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.

Conduct, Culture & Accountability

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.