Reporting and GovernanceRSS

SEC modernises securities swaps related reporting requirements

The prompt production and recording of electronic information relating to securities swaps is to be modernised following an amendment adopted by the Securities and Exchange Commission (SEC).

Traditional risk management approaches can contain digital asset risks

Proven risk management and regulatory approaches can do the job of overseeing digital assets meaning there is little need to invent new processes, said EY in a report published on September 30.

DSB welcomes EU move to make UPIs law

According to the EU’s Official Journal, the use of the Unique Product Identifier (UPI) is to be embedded into the bloc’s law – a move welcomed by the Derivatives Service Bureau (DSB). 

Wind and solar power

Finance Watch calls for higher capital requirements as EU banks hold $239bn in fossil fuel exposures

Large EU banks hold $239bn in fossil fuel exposures according to the non-government organisation (NGO) Finance Watch, which is warning that they pose a financial stability risk if they become stranded assets. 

Chris Warhurst

Rising unpredictability requires greater awareness of potential model deterioration

Fintech lenders aim to challenge and disrupt the standard lending model offered by high street banks through greater user experience. To facilitate this, the organisations are often lean in structure, especially in relation to overheads that are seen as bureaucracy or blockages to agility and speed.

Fed seeks comments on strengthening financial market utilities

Feedback on updates to operational risk-management requirements for certain systemically important financial market utilities (FMUs) is being sought by the US Federal Reserve Board and focuses on four areas. 

UK to investigate cloud operators over market dominance

The leading cloud providers are to be investigated in the UK over their marketing practices as their market share in the country, which has risen to 81% from 70% in 2018.

Exchanges deepen their focus on ESG matters

Significant advances have been made in the depth and scope of environmental, social and corporate governance (ESG) by exchanges and central counterparty clearing parties with more focus on the transition to carbon neutrality, according to a survey. 


Record-keeping failures land financial firms with $1.8bn fines

The longstanding and widespread failure to properly record business communications has landed a large number of financial firms with fines totalling $1.8bn from two US federal agencies.

Manoj Mistry

UK’s lighter approach than EU to crypto rules leaves retail investors at greater risk

It may be tempting to dismiss the new Brexit Freedoms Bill, designed to make significant changes to the legal status of retained EU law and the post-Brexit regulatory landscape, as more about style than substance, but that would be unwise.