Latest articles from Farah Khalique

Matthias Graulich

Industry concerned about CPMI-IOSCO CCP models and protocols

Global standard setters CPMI and IOSCO want clearing houses to beef up client clearing services and porting practices, but market experts warn of impossible hurdles. 

Matt Smith

European Commission doubles down on consolidated tape to support CMU

The European Commission is pushing for a consolidated tape as a cornerstone of the EU’s single market for capital. Industry sources say it is long overdue and will require close attention to detail. 

Kelly Mathieson

Banque de France demonstrates potential for bonds to be settled on blockchain

A novel experiment to settle French treasury bonds on a blockchain using a CBDC has market players excited about its potential to transform staid bond markets. Nevertheless, legal, political and technological challenges remain. 

EBA

Pan-EU deposit insurance scheme remains stuck in limbo

The European Commission wants to spring-clean the bloc’s bank crisis management and deposit insurance framework, but without the final pillar of the banking union in place — the pan-EU deposit insurance scheme — it is stuck in limbo. Can Germany’s new coalition government get things moving?

Maria Staszkiewic

EBA warns that national supervisors are not grasping fintech risks

Digitisation of the EU’s financial sector is accelerating – and the banking regulator is starting to pay attention. The EBA is advising supervisors to get up to speed with the potential risks, but its suspicions about digital platforms has left fintechs fuming. 

Iris Pang

Evergrande: a watershed moment for China’s regulators

China’s regulators have turned sour on the nation’s most high-profile — and the world’s most indebted — property developer, Evergrande. Experts predict its demise is unlikely to batter the banking sector, but are sceptical as to whether China can steer an orderly deflation of its property bubble. 

Raza Naeem

ESMA defies bond sceptics to impose tougher transparency rules

Despite widespread opposition, the EU’s securities markets regulator has pushed ahead with recommendations to pull more traded bonds into the pre- and post-trade transparency net. Sceptics say it is too soon to impose greater reporting requirements and will hit market makers unfairly. 

Imam Hoque

BIS warns supervisors to wake up to AI risks

Global standard-setters are brainstorming international standards to oversee the use of artificial intelligence in finance, a growing disruptive trend that poses serious ethical dilemmas like algorithmic bias which disadvantages minorities. Some AI experts say guidance is long overdue. 

Jouni Aaltonen

‘Shadow banks’ criticise EBA consultation as “overkill”

The European Banking Authority is consulting on what constitutes a shadow bank for the purpose of reporting large exposures, as the fallout from the Covid-19 pandemic has global regulators assessing the degree to which they should regulate shadow banks. 

SA-reserve-bank

South African banks brace for FRTB

South Africa’s prudential regulator is bringing the fundamental review of the trading book back to life after Covid-19-related delays, with a firm go-live date for banks of January 1, 2024. Despite concerns that this could hammer local markets, banks remain upbeat.