Financial Stability Board

Market Infrastructure

FRTB – Ending or Evolving Trading Culture

By Peter Guy | 28/05/2018

FRTB will force banks to change their operating models, bringing them out of product and trading desk silos. Bank trading culture and the trading desk concept may need to evolve to accommodate a wider picture of risk taking.

Fintech / Regtech

IOSCO Meets to Discuss Investor Protection, Emerging Risks

By JP Reimann | 15/05/2018

Board to develop support framework to help members address impact of ICOs on investor protection; agree to launch ‘Fintech Network’ to facilitate collaboration on fintech.

AML / KYC

FSB Asia Members Consider Financial System Vulnerabilities

By JP Reimann | 13/05/2018

Members discussed bank resolution regimes, the use of tech to mitigate AML/CTF risk, governance frameworks to reduce misconduct.

Enforcement

FSB Issues Recommendations on Compensation Data Reporting

By Editors | 08/05/2018

Proposed data sets include questions for determining whether governance processes appropriately use compensation and incentive systems to promote good conduct, remediate undesirable conduct and support identification of emerging misconduct risk.

Market Infrastructure

Singapore to Mandate Central Clearing of OTC Derivatives

By Editors | 02/05/2018

Mandatory clearing to apply to SGD and USD fixed-floating interest rate swaps; applicable to banks with OTC derivatives exceeding SGD20 bn.

Market Infrastructure

FSB Publishes Second UPI Governance Consultation

By JP Reimann | 27/04/2018

Consultation covers fee models and cost recovery, intellectual property, standardisation, competition among UPI service providers, arrangements for UPI reference data library.

Enforcement

FSB Publishes Toolkit on Combatting Misconduct

By Editors | 24/04/2018

Toolkit offers options on standards and codes of behavior, measures related to wholesale market conduct, guidance on compensation, and tools for strengthening governance.

Market Infrastructure

CPMI-IOSCO Publish Multi CCP Stress Testing Framework

By Editors | 12/04/2018

Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.

Capital / Liquidity

Singapore Bank Resolution Regime Favours Bailouts Over Credit Bail-ins – Moody’s

By Garima Chitkara | 05/04/2018

Singapore regulations favour bailouts over creditor bail-ins as bail-in buffers only comprise 1-2% of Singapore bank assets, says Moody’s.