International

Market Infrastructure

Cross Border Data Transfers – An Old Problem, With or Without GDPR

By Peter Lancos | 21/08/2018

The challenges GDPR introduces around Cross Border Data Transfers are not necessarily new problems. They do however make an existing problem just a bit more complicated.

Market Infrastructure

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 Infrastructure

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.

Market Infrastructure

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.

Fintech / Regtech

Commonwealth Bank to Arrange First Blockchain Bond

By Garima Chitkara | 14/08/2018

Developed by the World Bank, a A$100 million kangaroo bond, issued and distributed through blockchain, will open to investors later this month in Washington and Sydney.

Market Infrastructure

CFTC to Simplify Registration Exemption Process for non-US Clearing Firms

By Editors | 10/08/2018

CFTC proposal seeks to make it easier for non-US firms to navigate the process for obtaining exemptions from registration as derivatives clearing organisations.

Fintech / Regtech

Financial Regulators Consult on ‘Global Sandbox’ Approach

By Manesh Samtani | 09/08/2018

HKMA, MAS, ASIC among 12 regulators seeking views from interested parties on new Global Financial Innovation Network initiative, including its role, tools and where it should prioritise activity.

Market Infrastructure

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.

Market Infrastructure

Two Thirds of Cyber Incidents Caused by Staff – Willis Towers Watson

By Manesh Samtani | 08/08/2018

Companies and their staff need cyber training and education to ensure they are aware of the need to protect customer information at all times, and in particular, of the reputational and business interruption risks of having cyber incidents, says Willis Towers Watson’s Jessica Wright.