Bob Currie

Following the Credit-Suisse-UBS merger, these steps include strengthening the G-SIB recovery and resolution framework and reinforcing the supervisory framework, invention powers and resources accorded to FINMA

The UK central bank now has further powers to limit CCP discretionary payments to employees and shareholders, with these powers limited to five years’ duration and with consideration to be given to their impact on CCP hiring and staff retention

The consultation report, Streamlining Variation Margin in Centrally Cleared Markets, outlines eight practices for promoting effective VM processes and transparency between CCPs, clearing members and their clients

ISDA’s head of capital Panayiotis Dionysopoulos and head of clearing services Ulrich Karl speak to Bob Currie about the implications of the US Basel III Endgame and G-SIB Surcharge proposals

This first batch of projects for 2024, focusing on CBDCs, green finance, cybersecurity and steps to eliminate financial crime, builds on a further eight projects that are currently ongoing and 12 that were completed during 2023

The consultation document from the BCBS, CPMI and IOSCO puts forward 10 policy proposals designed to improve the resilience of central clearing infrastructure and to enhance transparency and governance in clearing processes

AIMA, MFA and NAPFM file petition asking the US Court of Appeals to invalidate newly-adopted SEC rules on reporting and public disclosure of securities lending and short selling activity

This “near-final” policy statement responds to feedback advanced by the market on the CP 16/22 consultation paper on Basel 3.1 standards that was circulated in November 2022