FMSB Paper Looks at Algo Model Risk

The FICC Markets Standards Board (FMSB) has published the first in a series of papers called Spotlight Reviews, which looks at emerging themes and challenges  in algorithmic trading and machine learning. The series will consider issues of FICC market structure and the impact of regulatory and technological change on the fairness and effectiveness of wholesale […]
Read More »

RBI Opens NDF Trading to Onshore Banks

The Reserve Bank of India (RBI) has announced that as of June 1, onshore banks will able to transact in the Indian rupee (INR) NDF market. The announcement was made as part of a raft of measures by the central bank as it strives to cope with the Covid-19 pandemic. Noting that the offshore INR […]
Read More »

Basel III Implementation Gets Deferral

The Basel Committee’s oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed a set of measures to provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of the coronavirus disease (Covid-19) on the global banking system. “It is […]
Read More »

Trade Associations Urge UMR Implementation Delay

In response to the COVID-19 pandemic, 21 financial industry associations have submitted a letter on behalf of their members requesting BCBS (Basel Committee on Bank Supervision), IOSCO (International Organization of Securities Commissions), and other global regulators to suspend the current timeline for the initial margin phase-in. The letter says this will to allow market participants […]
Read More »

Firms Claim Industry First for Surveillance

Regtech firm Rimes and communication compliance solution provider Soteria say they have completed the first stage of their product integration project, thus providing integrated trade and communication monitoring to provide financial firms with comprehensive surveillance capabilities. The firms say that adhering to growing regulations and evolving regulatory surveillance capabilities is technically complex and both data- […]
Read More »

CFTC Commissioner Calls for Agency to Table Non-Critical Work

In the wake of a vote today on digital assets action, Commodity Futures Trading Commission (CFTC) commissioner Rostin Behnam today called on the agency to focus its sights on monitoring market and institutional stability and resiliency. “We are collectively facing uncertainty in all aspects of our personal and professional lives as a result of COVID-19, […]
Read More »

Bailout for Large Corps a ‘Grave Mistake’, Say MIT Professors

The finance faculty from the MIT Sloan School of Management have today sent an open letter to Congress supporting a stimulus package that focuses on combating the coronoavirus pandemic directly, as well as helping economically vulnerable households and small businesses. The MIT professors also said that unrestricted cash injection into large corporations would be a […]
Read More »

ISDA Urges Authorities to Keep Markets Open

As exchange trading floors are closed amidst the Covid-19 crisis and pressure grows on countries to follow the Phillippines example in closing their markets, the chief executive of the International Swaps and Derivatives Association (ISDA), Scott O’Malia, has urged markets be kept open. Writing in the association’s Derivativiews O’Malia notes that some jurisdictions have implemented […]
Read More »

Central Banks Coordinate on Further US Dollar Liquidity

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to further enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements. To improve the swap lines’ effectiveness in providing US […]
Read More »

FSB Issues Review of Mexico’s OTC Derivatives Reforms

The Financial Stability Board (FSB) today published its peer review of Mexico, which examined the implementation of the G20 commitments on over-the-counter (OTC) derivatives. Mexico’s OTC derivatives market is relatively small from a global perspective, but is the largest in Latin America. The market has a substantial cross-border component, with foreign banks being important players, the […]
Read More »
1 2 3 4 5 50 51 52 53 54