Reporting and GovernanceRSS

AMF still sees transparency issues in French corporate bond market

In an assessment of bond market transparency over two years after the markets in financial instruments directive (MiFID) II came into force, the French securities regulator, Autorité des Marchés Financiers (AMF), found there are still too many gaps in the needed data to gain a full picture of market activity. 

China cracking down on market abuse by listed companies

China is taking a zero-tolerance stance towards financial fraud, insider trading and market manipulation, warned Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC) at a national investor protection day event.

Matt Chan

Diverging approaches to IFRS 9 loan provisioning raise APAC fragmentation fears

Although there are common themes among approaches, Asia-Pacific regulators have been pursuing their own measures for how banks should provision for bad loans under IFRS 9, raising fears of further fragmentation. By Victor Smart 

Trader

EMIR REFIT has potential to trigger unintended consequences

Changes resulting from EMIR REFIT could create reporting challenges for some market participants even though they were designed to reduce burdens on certain firms

US China tensions

The return of geopolitics will cause global banks considerable headaches

Once the Covid-19 pandemic passes, geopolitics is likely to return with a vengeance as global rivalries intensify and the economic fallout will call into question the political stability of some countries, in turn creating considerable headaches for global banks operating across borders

China hits back at US bill that could delist Chinese companies

The US Senate has passed a bill that would force Chinese companies listed in the US to comply with national securities law. By Justin Pugsley.

Evgeny Likhoded

FCA warns house-bound bankers about misconduct risk

The FCA has warned firms about the risks of financial misconduct, with bankers and brokers working out of the office on sensitive capital-raising deals

FFIEC reminds banks over best practices for cloud computing

Security breaches involving cloud computing highlight the importance of sound security controls and  an understanding of shared responsibilities between cloud service providers and banks, the Federal Financial Institutions Examination Council (FFIEC) said in a statement. 

DSB’s 2020 consultation focuses on functionality, data and governance

The Derivatives Service Bureau (DSB) released further information about this year’s consultation with questions around functionality, data enhancement and a proposal related to its dispute resolution process.

Rupert Brown

Post-Covid-19 new normal could see banks having to rethink resilience measures

The Covid-19 fallout differs considerably from the 2007-9 global financial crisis and is likely to force banks to once again rethink how they measure risk and the tools needed to do that job