Basel III and Emir have unleashed a series of unintended consequences on repo markets, which are distorting monetary policy transfer mechanisms
Global
Policy-makers hardening their stance on climate change reporting
The TCFD is one of the most high profile voluntary climate initiatives impacting the financial sector. However, moves are afoot to start mandating some aspects of climate change reporting contained in the framework
The digitisation of financial services highlights regulatory and technological hotspots
The move towards the digitisation of financial products raises important questions around customer data, fairness and in dealing with vulnerable customers requiring financial firms to tread a careful path. By Suchitra Nair, director at Deloitte’s EMEA Centre for Regulatory Strategy and Morgane Fouché, assistant manager in Deloitte’s EMEA Centre for Regulatory Strategy.
UPI adoption gets nearer following DSB designation by FSB
UPIs are moving closer to industry adoption after the FSB designated the Derivatives Service Bureau as the service provider for these identifiers.
Efforts stepped up to save correspondent banking
Entire countries are at risk of being cut out of the global financial system due to de-risking, which is also holding back economic growth, leaving global standard-setters, banks and fintechs struggling to find a solution. By Farah Khalique.
Think tank pushes for tweaks to Basel III to support emerging market banks
The stringent requirements contained in Basel III are making life difficult for emerging market countries and their banks leading to calls for the regime to be better calibrated for their needs
Long-term recovery rates on corporate debt higher than Basel Committee estimates
Banks tend to recover more capital on defaulted corporates loans and do so more quickly than is widely assumed by regulators. However, this may not result in lower risk weightings for corporate loans anytime soon
US regulatory proposals pose concerns to foreign banks operating there
US regulators have put out a set of proposals to regulate foreign banks operating within their jurisdiction, which has raised considerable concern among some banks fearing they will lead to higher capital requirements and more stringent regulation
Scope Ratings report addresses 'myths' around cyber risk
Cyber risk (CyR) is an existential threat for banks that have a presence on the internet, which means all of them, said Scope Ratings in a report.
DSB closes consultation on its services
On June 5, the Derivatives Service Bureau (DSB) closed a consultation requesting feedback from direct and indirect users on its services and functionality.
Most Viewed
- Market participants lobbying over short Emir 2.1 timelines
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- The PRA’s demanding liquidity framework is a commercial opportunity
- Firms turning to automation to keep pace with anti-money laundering rules
- EU moves towards its own crypto-asset regime
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