International

Capital Adequacy

No Shortage of Risks Looming Across Financial System

By Manesh Samtani | 03/12/2018

Banking system reforms will have to adapt to new risks to mitigate the effects of the next financial crisis, said BCBS secretary general William Coen, hinting at a future ‘Basel IV’.

Capital Adequacy

G20 Financial Regulatory Reform Agenda On Track – FSB

By Garima Chitkara | 30/11/2018

Basel III and OTC derivatives reforms were on track and broadly achieving their intended goals. High public debt and rising non-bank financial intermediation remain a focus area for the FSB.

Clearing & Post-Trade

FIA Updates CCP Risk Management Framework After Nasdaq Member Default

By Garima Chitkara | 29/11/2018

The industry body has updated its 2015 framework for CCP risk management to include more robust and transparent margining and higher skin in the game.

Trading & Investment

ISDA Releases Preliminary Results on Benchmark Fallbacks Consultation

By Garima Chitkara | 28/11/2018

ISDA will likely look to the ‘compounded setting in arrears rate’ and the ‘historical mean/median approach’ to spread adjustment for RFRs that will replace discontinued IBORs.

KYC & CDD

Overcoming the Challenges of Cross-Jurisdictional Customer Onboarding

By Claus Christensen | 28/11/2018

A digital-first approach to customer onboarding can protect companies from internal delays, customer dissatisfaction, hefty regulatory fines and reputational risk, says Claus Christensen.

Conduct, Culture & Accountability

FSB Releases Data Framework on Bank Compensation Practices

By Garima Chitkara | 26/11/2018

The FSB has recommended a data framework for national regulators to assess bank compensation policies and practices in regard to misconduct risk.

Structural Regulation

More Work Required to Remove Legal Barriers to Trade Reporting – FSB

By Garima Chitkara | 22/11/2018

While a number of legal barriers on reporting and accessing of trade data have been removed, some still remain. China’s position on trade data access remains uncertain.

Structural Regulation

Industry Bodies Call for Extended Benchmarks Regulation Transition Period

By Manesh Samtani | 22/11/2018

ISDA, FIA, GFMA and EMTA have jointly published a briefing advocating an extension of the Benchmark Regulation transition period for critical and non-critical benchmarks.

Cybersecurity

Securities Sector Vulnerable to Cyber Threat – Report

By Editors | 22/11/2018

The securities market is particularly vulnerable to cyber threats due to the large number of participants and infrastructures and the complex interactions involved.