The US Securities and Exchange Commission has targeted rule amendments that aim to strengthen resilience, recovery and wind-down procedures for clearing agencies
Regulatory reporting is a “critical” aspect of business that firms need to be paying attention to, speakers on the ‘Regulatory Reporting: Rewrite, reform, refit’ panel at this year’s Securities Finance Technology Symposium in Boston agreed
The US Financial Stability Oversight Council has proposed rule changes that may tighten financial scrutiny of non-bank financial companies if they are deemed to present a threat to financial stability
Members of the European Parliament today voted to support the Markets in Cryptoassets Regulation by 517 votes to 38, with 18 abstentions, thereby approving a common rule set for issuance and trading, along with environmental and consumer protection
The acquisition will add Red Deer’s surveillance and research capability to the Kaizen hub, assisting middle office and compliance divisions in identifying cases of market abuse and meeting regulatory commitments
The service aims to support industry readiness and implementation of UPI regulatory mandates in derivatives markets, including amendments to the US Recordkeeping and Swap Data Reporting, EU EMIR Refit and UK EMIR
Based on the 2020 MoU between the BoE and CFTC, the BoE has affirmed that it will continue to rely on CFTC’s supervision and oversight in the case of US-based CCPs that are “incoming” to the UK
Industry bodies including ISDA, AFME and ISLA have published responses to the Prudential Regulatory Authority consultation on Basel 3.1 standards, warning against the impact of “disproportionate capital costs” on financing, liquidity and hedging
Since 2011, banks’ leverage ratio has improved from 3.5 to 6.5 per cent and their risk-based common equity tier 1 ratio (CET1) has risen from 7 to 13 per cent, according to Basel Committee
The EU Single Resolution Board (SRB) has issued a statement confirming that holders of Additional Tier 1 (AT1) instruments should rank ahead of holders of common equity in case of resolution or insolvency of a banking institution in the Banking Union
