United States

Market Infrastructure

FSB to Explore Hazards of Leveraged Loan Market – Report

By Editors | 12/03/2019

In particular, the FSB will look at collateralised loan obligations to identify which institutions hold them and assess the risks they may pose in the event of a downturn.

Securities / Derivatives

ISDA Consults on Proposals to Clean Up CDS Market

By Editors | 12/03/2019

The proposals seek to end a trading practice of encouraging otherwise healthy companies to default by offering them favourable financing in order to pocket CDS payouts.

Capital / Liquidity

US Fed Considers Stricter Rules for Foreign Bank Branches

By Editors | 11/03/2019

Foreign banks say added requirements are unnecessary, as their US branches are limited in their activities, rarely hold federally insured deposits, and are subject to home country rules.

Market Infrastructure

Shanghai’s New Technology Board Attracts Fund Manager Interest

By Editors | 28/02/2019

CSRC says at least 9 fund managers are seeking approval to issue equity investment products on the new board, which could be launched within the first half of this year.

Capital / Liquidity

More CCP Capital Leads to More Prudent Risk Management – BIS Paper

By Manesh Samtani | 26/02/2019

For-profit CCPs have incentives that are misaligned with financial stability, typically holding less capital and requiring less from clearing members than is optimal, says a BIS working paper.

Crypto / Digital Assets

Thailand to Allow Scripless Issuance, Tokenisation of Securities

By Editors | 26/02/2019

The National Legislative Assembly has endorsed an amendment that will enable the scripless issuance and tokenisation of primary market securities, as early as this year.

Securities / Derivatives

CSRC Seeks to Control Speculation on Shanghai’s New Tech Board

By Editors | 15/02/2019

Amid concerns of volatility when the new board launches, Chinese regulators reportedly convened a meeting with industry participants seeking views on measures to control market hype.

Enforcement

US SEC Charges Deloitte Japan for Auditor Independence Violations

By Editors | 14/02/2019

Deloitte Japan agreed to pay $2mn to settle charges related to audit reports it issued while dozens of its employees maintained financial relationships with the audit client.

Fintech / Regtech

FSB Chair Focused on Assessing Reform Effects, New Risks

By Garima Chitkara | 12/02/2019

The FSB is launching new studies to assess the impact of post-crisis reforms while actively working to identify new sources of risk to the financial sector.