International

Structural Regulation

Don’t Expect New EU Equivalency Decisions for Asia

By Samuel Riding | 07/09/2017

Ben Pott, head of government affairs at NEX Group, suggests Brexit and the time taken to resolve US-EU CCP issue, make equivalency rulings unlikely.

Operational Risk

Top CBRC Adviser Flags Failures to Address Operational Risks

By Samuel Riding | 06/09/2017

CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.

AI Risk & Governance

BCBS Says Supervisors Should Boost Fintech Training, Regtech Use

By Samuel Riding | 04/09/2017

Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.

Structural Regulation

Japanese Banks Call for Narrower OTCD Reporting Requirements

By Samuel Riding | 04/09/2017

Japanese Bankers Association says data elements should be narrower; concerned about cost of reporting given different collateral settlement timings.

Clearing & Post-Trade

ISDA Urges EU Not to Force Local Clearing Post Brexit

By Editors | 23/08/2017

Trade organisation says move to local CCPs could push up initial margin costs by 20% or more; cites Australian equivalency model.

Cryptocurrency

US ICO Ruling Opens ‘Can of Worms’ for Asia

By Samuel Riding | 27/07/2017

Securities and Exchange Commission’s decision to define ICOs as securities adds to uncertainty around regulatory treatment of the virtual economy. […]

Credit Risk

IFRS 9 – Chaos in Safety

By Peter Guy | 17/07/2017

This accounting standard isn’t just for accountants – entire banks will have to seek succour in prudence, targeting better clients and sounder transactions.

Payments & Settlements

The Regulatory Path to a Digital Payment Economy

By Peter Guy | 10/07/2017

Peril, innovation or salvation – the spectre of a cashless economy means different things to everyone.