Reporting and GovernanceRSS

DTI registry goes live amid soaring institutional interest in digital assets

The registry for digital token identifiers (DTIs) run by ETrading Software went live on July 1 and is designed to identify digital tokens based on the the International Organization for Standardization (ISO) new standard for digital assets. 

CFTC clarifies the use of internal models for calculating initial margin

Certain swap dealers using internal models to calculate minimum capital requirements do not need to register them with the Commodity Futures Trading Commission’s (CFTC), the agency said in an advisory note.

Blake Goud

Taxonomies clash threatens to fragment green finance

Impressive momentum has built up behind the effort by the world’s financial regulators to create coherent classifications to define what economic activities should truly count as sustainable, but this could also be setting the scene for fragmentation. 

Francesco Margini

Legacy technology trading systems risk holding banks back

The past decade and a half have been challenging years for financial institutions around the world. After periods of deregulation, market growth, prosperity and exceptional returns, the industry was sent reeling by the 2007-09 global financial crisis, and is still striving to recover.

Digitisation to foster radical new bank business models and growing range of risks

Digitisation, which has been accelerated by the Covid-19 pandemic, will foster radically new business models, more speed, complexity and interconnectedness for banks necessitating greater vigilance to a growing range of risks. 

Bank of England exploring climate change risks to financial firms

In its Climate Biennial Exploratory Scenario (CBES), the Bank of England (BoE) said it will explore key risks from climate change relating to transition risks and those generated by higher global temperatures. 

FASB proposes broadening hedge accounting rules

Proposals to better align hedge accounting standards with risk management strategies were put forward by the Financial Accounting Standards Board (FASB) on May 5 and stakeholders have until July 5 to respond with comments. 

Jessica Camus

EU’s green taxonomy struggles on the details

The sprawling EU sustainability taxonomy is fiendishly complex, politically contentious and monumental in its practical scope. It suffers from yawning data gaps, and some feel its credibility is being sabotaged by the very states that backed it at the outset. 

Cloud computing

Banks look beyond digitisation post-pandemic

For banks, the Covid-19 pandemic compressed years-worth of digitisation into mere months, raising the possibility of introducing new technologies such as artificial intelligence through to real-time regulatory reporting. 

SEC registers first security-based swap data repository

May 7 saw the registration by the US Securities and Exchange Commission (SEC) of its first security-based swap data repository (SDR), which will give the agency broader oversight of the swaps market.