Financial Stability Board

Structural Regulation

FSB Conducts Peer Review on LEI Implementation

By Garima Chitkara | 20/08/2018

The FSB is proposing a thematic peer review to analyse LEI adoption among member jurisdictions and identify the implementation challenges faced by firms.

Market Data & Technology

CPMI, IOSCO Consult on Governance of OTC Derivatives Data

By Editors | 20/08/2018

New consultative document identifies key criteria, functions and bodies for the governance arrangements for critical OTC derivatives data elements data, other that UTI and UPI.

Clearing & Post-Trade

FSB, BIS, IOSCO Study Highlights Central Clearing Interdependencies

By Manesh Samtani | 15/08/2018

FSB, CPMI, IOSCO and BCBS find continued concentration of prefunded financial resources at small number of CCPs; exposures to CCPs also concentrated among small number of clearing members.

Clearing & Post-Trade

Standard-setting Bodies Consult on Incentives to Centrally Clear OTC Derivatives

By Editors | 09/08/2018

FSB, BCBS, CPMI and IOSCO consultative document suggests some aspects of regulatory reform may not incentivise provision of client clearing services.

Structural Regulation

SFTR to Require Five Times More Reports Than Trades – DTCC

By Manesh Samtani | 26/07/2018

New paper highlights the impact of incoming securities finance trade reporting obligations on the industry including collateral supply, liquidity and operations.

Capital Adequacy

Misguided Derivatives Regulation Distorts Markets

By Peter Guy | 23/07/2018

Basel’s new capital rules have impacted global derivatives markets by purging participants and liquidity. Whether or not this was the intended outcome, it will create onerous costs for entire markets and consumers.

Cryptocurrency

Crypto Assets Come Under International Regulatory Scrutiny

By Garima Chitkara | 19/07/2018

The FSB submitted a report to the G20 detailing a framework to monitor potential contagion risks and wealth effects arising from crypto-assets.

Structural Regulation

ISDA Consults on Fallback Benchmarks for Discontinued IBORs

By Garima Chitkara | 16/07/2018

ISDA proposes adjustment options that will be applicable to fallback rates in the event a derivative references an IBOR that has been permanently discontinued; FSB cautions on the use of overnight RFR to replace term IBORs.

Credit Risk

Hong Kong Updates Counterparty Credit Risk Management Framework

By Garima Chitkara | 05/07/2018

The HKMA has revised its counterparty credit risk management regulation to incorporate international regulations; expanding its supervisory coverage to include CVA and central clearing