The ECB identified "material shortcomings" in how banks manage counterparty credit risks. Banks should "promptly address weaknesses".
January 19, 2023The FCA thinks the LME does not have adequate supervisory controls for Asia market hours. The Oliver Wyman review has also been released.
January 13, 2023The RBI said it is engaging with European regulators and discussing "alternate arrangements" to avert a market disruption that could result from ESMA's derecognition of Indian CCPs.
January 6, 2023Removing the cap will increase the proportion of compensation that can be set by tools such as deferral, payments in instruments, and risk adjustment.
December 27, 2022The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.
December 5, 2022The BOE says its approach is consistent with the "vast majority" of major financial jurisdictions, with "appropriate but limited" adjustments for the UK market.
December 2, 2022ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
November 14, 2022An amendment to the Financial Services and Markets Bill will empower the FCA to regulate crypto promotions and ban companies that are not authorised to operate in the UK.
October 31, 2022DTCC’s Joseph Capablanca discusses the importance of the LEI for improving transparency, cutting costs, and reducing operational risk in the global financial industry.
October 28, 2022The paper considers how current legal and regulatory requirements and guidance apply to the use of AI in UK financial services, and the gaps that may need to be addressed.
October 13, 2022