International

Market Infrastructure

Independent Amount – 10 Years and No Change Since Lehman Collapse

By Matthieu Sachot | 19/09/2018

Counterparties are exposed to material downside risk in posting collateral without restrictions on rehypothecation or non-segregation, says Matthieu Sachot at Chappuis Halder & Co.

Market Infrastructure

ISDA Forum: Asia’s Banks Not Ready for 2020 Initial Margin Deadline

By Garima Chitkara | 18/09/2018

Banks and buy-side firms should begin compliance processes to meet the September 2020 deadline as early as possible, urged panellists at the ISDA Industry and Regulatory Forum.

AML / KYC

Global Regulation Continues to Increase KYC Complexity – Accuity

By Editors | 18/09/2018

The KYC process has become increasingly complex, with rising costs, onerous processes and a skills shortage presenting challenges for compliance staff, says an Accuity report.

Market Infrastructure

Capital Regime a Key Impediment to Accessing Central Clearing

By Manesh Samtani | 13/09/2018

FIA, IFF and GFMA said in a consultative response that the current capital regime overstates the risks of client clearing and raises the costs of providing client clearing services.

Market Infrastructure

DTCC Identifies Post-GFC Opportunities to Enhance Financial Stability

By Manesh Samtani | 13/09/2018

Ten years after Lehman Brothers became insolvent, additional work is needed to fully address financial system vulnerabilities, while at the same time new risks have emerged.

Market Infrastructure

ISIN-to-LEI Mapping Initiative Set to Improve Transparency

By Editors | 05/09/2018

New global initiative announced by ANNA and GLEIF will map ISINs to their corresponding LEIs, effectively linking the issuer and issuance of securities.

Big Picture

Fund Managers Cite Data, Regulation as Major Challenges – State Street

By Manesh Samtani | 30/08/2018

New research from State Street has identified access to distribution data as a major challenge for asset managers; understanding the impact of local regulation on strategy the biggest challenge for product launches.

Fintech / Regtech

The Time for Cloud in Financial Services

By Krishan Chauhan | 29/08/2018

Digital transformation of financial services is well underway, driving the demand for new and innovative solutions such as blockchain and artificial intelligence. These technologies require an ever-increasing set of computational power, storage, and analysis that can be seamlessly provisioned by the cloud.

Market Infrastructure

SOFR Gains Acceptance as LIBOR Alternative

By Manesh Samtani | 22/08/2018

Credit Suisse, the World Bank and Fannie Mae have now all issued new debt referencing the SOFR, which draws from actual repo market transactions to reflect the cost of borrowing cash secured against US government debt.