GlobalRSS

Third country access to EU financial markets contingent on equivalent rules

Financial firms based in third countries will face much greater scrutiny when selling services into the EU, following a deal struck between the European Commission, EU governments and the European parliament.

Pavan Bagai

Lessons for 2019: creating a robust risk management framework

Banks still face a mountain of regulatory initiatives to implement, but at least the last decade has given them much experience and provided plenty of lessons on best practice

US and UK move to safeguard derivatives markets post-Brexit

US and UK authorities have agreed measures to ensure the smooth functioning of derivatives markets and to safeguard against any potential Brexit-related disruptions and to remove uncertainty.

Basel Committee discusses margins, benchmarks, crypto-assets and work programme

The Basel Committee discussed margin requirements for non-centrally cleared derivatives, interest rate benchmarks, crypto-assets, the net stable funding ratio and Basel III implementation by members at its meeting on February 27-28.

Hani Nabeel

Banks still trying to perfect ways to improve employee behaviour

Some 10 years after the global financial crisis, banks are still struggling to find the most effective measures to improve their corporate cultures to avoid misconduct

Strong case for external auditors to check RWA, says BCBS’s Coen

Auditors should check banks’ calculations of their risk weighted assets (RWAs) to reduce the chance of inaccuracies said Bill Coen, the secretary general of the Basel Committee on Banking Supervision (BCBS).

DSB conducting user survey and setting up user forum

The Derivatives Service Bureau (DSB) is conducting a user survey and establishing a group-wide agreement forum as part of its 2019 industry consultation milestones.

Bitcoin

Regulators sow confusion by conjuring up conflicting ‘crypto’ rules

Crypto-currencies and assets have taken the world by storm and at such a pace that regulators have not been able to keep up. However, the rush to stay on top is seeing a raft of conflicting rules and definitions springing up across jurisdictions. By Dan Barnes

Mark Wetjen

G20 leaders urged to tackle regulatory fragmentation

There is a real risk that the fragmentation of global capital markets could eventually see them grinding to a halt with all kinds of negative consequences for the real economy. This has focused the FSB and the G20 to try and come up with a solution. By Justin Pugsley.

CSAR calculated rate is best alternative to Libor - Crisil

The adjusted risk free rate (RFR) based on the compounded setting in arrears rate (CSAR) is statistically the most robust fallback alternative to the London Interbank Offered Rate as it most closely reflects Libor market conditions.