International

Market Infrastructure

FSB Report Reveals Scale of Shadow Banking Risks

By Manesh Samtani | 08/03/2018

Global shadow banking activities rose 7.6 percent to $45.2tn in 2016, representing 13 percent of total financial system assets; China contributed $7tn to the measure.

Fintech / Regtech

Profitability through Compliance Technology: Dreaming the Impossible Dream

By Peter Guy | 05/03/2018

Large technology investments to improve compliance performance have not yielded desired results almost ten years after the global financial crisis.

Capital / Liquidity

BCBS Issues Basel III Disclosures Consultation

By Samuel Riding | 28/02/2018

Requirement that banks disclose capital ratio which would trigger restrictions on capital distribution will be at the discretion of individual regulators.

Securities / Derivatives

IOSCO Issues Guidance on Conflicts of Interest in Equity Offerings

By Editors | 24/02/2018

Recommendations developed by group of regulators including ASIC, Hong Kong’s SFC and Japan’s FSA.

Enforcement

RBI Under Fire for Failure to Detect $1.8bn Loan Fraud

By Manesh Samtani | 21/02/2018

Central bank audits failed to detect loan fraud using Punjab National Bank guarantees for over seven years; overseas branches which granted loans also under scrutiny.

Securities / Derivatives

IOSCO Calls for Clampdown on OTC Leveraged Products

By Manesh Samtani | 16/02/2018

New report urges enhanced risk disclosures, leverage limits and curbs on mis-selling; cites studies showing most investors in OTC leveraged products lose money.

Securities / Derivatives

Indian Exchanges Suspend Overseas Index Trading

By Editors | 12/02/2018

BSE, NSE, MSEI to stop issuing market data licenses to foreign exchanges in a bid to halt migration of liquidity from India.

Big Picture

Slow Progress on Resolution Regimes – BIS

By Samuel Riding | 10/02/2018

Agustín Carstens notes recent resolutions have not involved bail in; some G-SIB home authorities do not have cooperation agreements with foreign regulators.

Market Infrastructure

Research in an Unbundled World

By Roland De Marsangy | 08/02/2018

Buy-side firms are finding their way to new ways of profiting from their research, and market volumes appear unaffected in the early stages of the MiFID II era.