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Market Infrastructure
CFTC Swaps Reform to Give Deference to Foreign Regulators
By Manesh Samtani | 12/09/2018
The CFTC’s approach to swaps regulation to date has been an over-expansive assertion of its jurisdiction, said its chairman Christopher Giancarlo in Japan this week.
Market Infrastructure
LIBOR Transition Programmes Should Mobilise Immediately – Report
By Manesh Samtani | 01/08/2018
New report by Oliver Wyman says firms should start developing new non-LIBOR products and managing down LIBOR exposures; those that do not act quickly in anticipation of the transition will increase risks and costs.
Market Infrastructure
ISDA Consults on Fallback Benchmarks for Discontinued IBORs
By Garima Chitkara | 16/07/2018
ISDA proposes adjustment options that will be applicable to fallback rates in the event a derivative references an IBOR that has been permanently discontinued; FSB cautions on the use of overnight RFR to replace term IBORs.
Market Infrastructure
Capital Markets Industry Groups Call For Transition Away from IBORs
By Garima Chitkara | 27/06/2018
Joint report from ISDA, AFME, ICMA and SIFMA shows almost 90% of respondents concerned about exposure to interbank offer rates; close to 80% looking to transition away in the next four years.
Market Infrastructure
The End of IBOR – The Asia Take
By Matthieu Sachot | 19/06/2018
Though uncertainty remains on when LIBOR migration is really going to be due, the earlier the banks set this in motion, the lower the execution risk and cost in the long run. This article highlights the local benchmarking effort in Asia and the key areas banks should have on their roadmap, starting now.
Market Infrastructure
ISDA Seeks Feedback on Common Domain Model for Derivatives
By JP Reimann | 07/06/2018
First digital version of the ISDA CDM covers interest rate and credit derivatives products; aims for efficiency, interoperability, reduced complexity in derivatives market.
Market Infrastructure
Exempt Post-trade Risk Reduction Services from EMIR Clearing Obligations – ISDA
By Garima Chitkara | 12/04/2018
ISDA white paper touts compression and counterpart rebalancing as “crucial” post-trade risk management tools that should be exempt from clearing obligations under EMIR.
Market Infrastructure
Hong Kong Issues LEI, Platform Trading Consultation for OTC Derivatives
By Samuel Riding | 29/03/2018
Paper says adopting LEIs should be mandatory for most market participants within six months of consultation conclusions being published.
Capital / Liquidity
Asian Firms at Risk of Drowning Under Wave of Regulation from US, Europe
By David Farmery | 30/11/2017
The wave of financial regulation about to wash over Europe and North America could eventually overwhelm Asian institutions.
Securities / Derivatives
Japanese Banks Call for Simplified UPI Rules
By Editors | 20/11/2017
Bankers Association says its members already provide legal identifiers under local regulation and the rules of countries in which they operate.
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