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AML / KYC
EU Authorities Issue Framework for Supervisory Cooperation on AML/CFT
By Editors | 19/12/2019
The guidelines set out a framework for bringing together AML/CFT supervisors, prudential supervisors and third-country regulators to coordinate on multi-juridictional AML/CFT matters.
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.
Market Infrastructure
ESMA Recognises India’s MCX Clearing Corp as Third Country CCP
By Editors | 09/12/2019
The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.
Market Infrastructure
MiFID II Has Not Delivered Lower Market Data Costs: ESMA
By Editors | 09/12/2019
ESMA is calling for a real-time consolidated tape for equity instruments to improve transparency and remedy the fragmentation in European capital markets.
Market Infrastructure
Regulatory Data: Arrows for the Quiver?
By Hannah Cassidy | 25/10/2019
Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.
Market Infrastructure
ASIC, ESMA Sign MOU to Cooperate on Benchmarks
By Editors | 22/10/2019
The MoU sets out cooperation arrangements to complement the EU’s July equivalence decision, as well as to ensure effective information exchange and supervisory coordination.
Market Infrastructure
APAC Central Banks Prepare Market for Benchmark Reforms
By Editors | 27/09/2019
A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.
Market Infrastructure
WFE Warns EMIR 2.2 Could Unduly Fragment Global Markets
By Editors | 29/08/2019
The WFE has issued a letter to the European Commission and ESMA outlining principles it says would support the objectives of EMIR 2.2 while limiting its negative consequences.
Market Infrastructure
Singapore, Australia Benchmarks Gain EU Equivalence
By Editors | 30/07/2019
The European Commission has adopted equivalence decisions for Australian and Singapore financial benchmarks, but repealed existing equivalence for credit rating agencies.
Market Infrastructure
CFTC Eases Foreign Clearinghouse Access to US Customers
By Manesh Samtani | 15/07/2019
An alternative compliance regime will be provided for non-US DCOs registered with the CFTC, while exempt DCOs will be allowed to offer clearing through foreign intermediaries.
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