Thursday, September 24, 2020

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OPERATIONS

COMPLIANCE

European ESG Disclosure Requirements for Asset Managers

by Kirsten Lapham, Michael Singh, Amar Unadkat, John Verwey A new European regime on sustainability-related disclosures in the financial...

CFTC Considers New Approach to Regulation of Electronic Trading

by Donna Parisi, Geoffrey B. Goldman, Azam Aziz, Jennifer Oosterbaan Introduction In the wake of considerable...

Canadian Securities Regulators Offer Liquidity Risk Guidance for Investment Funds

The Canadian Securities Administrators (CSA) today published guidance intended to help investment fund managers develop and maintain effective liquidity risk management frameworks...

Boosting Blockchain: Germany to Introduce Electronic Securities

by Dr. Nick Wittek, Dr. Michael R. Fischer, Martin Schulte, Harriet Territt, Philippe Goutay, Stephen J. Obie, Mark W. Rasmussen

Consolidating Mutual Fund Regulators Would Save up to Half a Billion Dollars

Independent report estimates that a consolidated self-regulator would result in $380M to $490M in savings The Investment Industry Regulatory...

ESMA Proposes to Further Postpone CSDR Settlement Discipline

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published a final report on draft regulatory technical standards (RTS)...

CFTC Finalizes Cross-Border Swaps Rule

by Joseph Vebman, Mark D. Young, Jonathan Marcus, Daniel B. O'Connell, Skadden, Arps, Slate, Meagher & Flom LLP On July 23, 2020,...

SEC, FINRA Provide Guidance Regarding Cybersecurity, AI and Digital Assets

by Valerie Dahiya and Thomas Ahmadifar, Perkins Coie LLP The U.S. Securities and Exchange Commission (SEC) and the Financial...

AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year

Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest Digital transformation specialist...

ISS Introduces Compliance Solution for Custodians Ahead of SRD II Deadline

Governance specialist Institutional Shareholder Services Inc. (ISS), confirmed that it has launched a Global Proxy Distribution (GPD) Shareholder Identification Service, which it...

NEWS AND VIEWS

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RESEARCH

OCC Issues Paper on Central Clearinghouse Resiliency and Stability

In the midst of record cleared contract volume, OCC, the world's largest equity derivatives clearing organization, has released a paper titled, Optimizing Incentives, Resilience...

Survey: Firms Unprepared to Comply with Uncleared Margin Rules Despite Deadline Extension

Survey reveals that 81% of firms lag in preparations to comply State Street Corporation (NYSE:STT) today released survey results...

SEMINARS

Webinar: The Macro-Economic Environment and Bilateral FX Post-Trade Processing

Steve French, Head of Traiana Product, and Basu Choudhury, Head of Traiana Business Intelligence for Post-Trade & Optimization Services, discuss how recent market events, including increased volatility and active...

XBRL Guides Regulators Building Financial Data Standards Programs

XBRL confirmed this week the publication of the Taxonomy Development Handbook, a guide for regulators, industry experts, and businesses to building data...

FINTECH

SWIFT Report: How Cyber Attackers ‘Cash Out’

By illuminating final stage in money laundering process, BAE Systems report commissioned by SWIFT supports efforts by banks to prevent, detect and...

Developments on Digital Assets and Blockchain

by Timothy Spangler, Andrew J. Schaffer, Dechert LLP Blockchain technology continues to mature and gain acceptance for a wide...

Archax Approved as First Digital Securities Exchange and Custodian in UK

Includes MTF, 5MLD, custody and brokerage permissions Archax confirmed today that it has become the first-ever FCA-regulated digital...

SEC, FINRA Provide Guidance Regarding Cybersecurity, AI and Digital Assets

by Valerie Dahiya and Thomas Ahmadifar, Perkins Coie LLP The U.S. Securities and Exchange Commission (SEC) and the Financial...

Reimagining Reconciliation in Capital Markets: Improving Automation with Innovative Technology

New technology such as cloud, artificial intelligence (AI), and machine learning (ML) are offering new opportunities to improve automation and reduce...
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CONFERENCES

SEC Commissioner Lee and PwC Vice Chair Bricker to Keynote XBRL US Investor Forum 2020

XBRL US has confirmed that the annual XBRL US Investor Forum 2020, Ready for Anything – Using Data in Perilous Times, will feature two...

Addressing Emerging Operational Risk and Alleviating Data Blind Spots with AI Powered Risk Management | July 15

Date: 15 July 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET The digitalisation of financial services is in full flight, as financial institutions strive...

PUBLICATIONS

10 Best Books for FinOps Professionals

Browsing Amazon for recent books on finance and capital markets, one finds dozens – maybe hundreds – of books on investing, trading, analysis and...

Front-to-Back: Designing and Changing Trade Processing Infrastructure

by Martin Walker In this book, banking and finance expert Martin Walker opens section one with the fundamentals; explaining how capital markets firms make money,...
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SECURITIES FINANCE

Survey: Firms Unprepared to Comply with Uncleared Margin Rules Despite Deadline Extension

Survey reveals that 81% of firms lag in preparations to comply State Street Corporation (NYSE:STT) today released survey results...

FSB extends implementation timelines for securities financing transactions

The Financial Stability Board (FSB) has confirmed extensions to the implementation timelines for minimum haircut standards for non-centrally cleared securities financing transactions (SFTs), to...

ECB Surveys Securities Financing Terms

Most widespread tightening of credit terms over three-month review period since SESFOD launched in 2013Less-favourable price terms for non-financial corporations and less-favourable...

Regulators determined to keep SOFR transition on track

The disruption to capital markets caused by the COVID-19 pandemic has not shifted the overall timeline of regulators and industry bodies for...

RISK

EC to Allow Market Participants 18 Months to Reduce UK CCP Exposure

The European Commission has today adopted a time-limited decision to give financial market participants 18 months to reduce their exposure to UK...

SWIFT Report: How Cyber Attackers ‘Cash Out’

By illuminating final stage in money laundering process, BAE Systems report commissioned by SWIFT supports efforts by banks to prevent, detect and...

The Current State of XVA Usage in Latin America

XVAs are increasingly becoming more engrained in derivatives practices across the globe. While the U.S. and Europe are quite advanced in terms...

Reacting to a Cyber-Attack on a Securities Services Participant

Cyber-attacks continue to increase in frequency, sophistication and impact. These attacks have the potential to disrupt critical financial services and could undermine...

DATA

Citi Upgrades Data Service Platform for Securities Services Clients

Citi confirmed today that it has enhanced its securities services data services platform Citi VelocitySM Clarity by introducing an Integrated Reporting tool, expanding...

OFR Begins Publishing Repo Data

The U.S. Office of Financial Research (OFR) has released its new U.S. Repo Markets Data Release, a prototype publication of daily data...

BIS Working Paper: Data vs Collateral

Summary Focus Collateral is used in debt contracts to mitigate the difficulties ("agency problems")...

NRI introduces NRI/IU Crypto-Asset Reference Price

Nomura Research Institute, Ltd. (NRI) has developed and provided price estimation for crypto-assets, called the “NRI/IU Crypto-Asset Reference Price, in coordination with...
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LATEST ARTICLES

ISITC Honors Karla McKenna for Work on Operations Standards

Former ISITC Board Member and GLEIF Head of Standards recognized for her contributions to the industry. Operations trade group...

DTCC Appoints Lisa Hershey as Chief Compliance Officer

The Depository Trust & Clearing Corporation (DTCC) today announced the appointment of Lisa Hershey as Managing Director and Chief Compliance Officer with...

OCC Issues Paper on Central Clearinghouse Resiliency and Stability

In the midst of record cleared contract volume, OCC, the world's largest equity derivatives clearing organization, has released a paper titled, Optimizing Incentives, Resilience...

European ESG Disclosure Requirements for Asset Managers

by Kirsten Lapham, Michael Singh, Amar Unadkat, John Verwey A new European regime on sustainability-related disclosures in the financial...

EC to Allow Market Participants 18 Months to Reduce UK CCP Exposure

The European Commission has today adopted a time-limited decision to give financial market participants 18 months to reduce their exposure to UK...

CFTC Considers New Approach to Regulation of Electronic Trading

by Donna Parisi, Geoffrey B. Goldman, Azam Aziz, Jennifer Oosterbaan Introduction In the wake of considerable...

Canadian Securities Regulators Offer Liquidity Risk Guidance for Investment Funds

The Canadian Securities Administrators (CSA) today published guidance intended to help investment fund managers develop and maintain effective liquidity risk management frameworks...

SWIFT Unveils New Strategy for Instant Securities Processing Payments

Enabling seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictabilityMade available through a next-generation digital...

Citi Upgrades Data Service Platform for Securities Services Clients

Citi confirmed today that it has enhanced its securities services data services platform Citi VelocitySM Clarity by introducing an Integrated Reporting tool, expanding...

Survey: Firms Unprepared to Comply with Uncleared Margin Rules Despite Deadline Extension

Survey reveals that 81% of firms lag in preparations to comply State Street Corporation (NYSE:STT) today released survey results...

Most Popular

Deutsche Börse Launches Buy-in Agent Service

Deutsche Börse Group said it was taking another important step in its efforts to best support both the financial industry and the regulatory agenda....

10 Best Books for FinOps Professionals

Browsing Amazon for recent books on finance and capital markets, one finds dozens – maybe hundreds – of books on investing, trading, analysis and...

Finastra Partners with Xceptor to Automate its Securities Reconciliaton Offering

Finastra confirmed today that it is partnering with Xceptor, an intelligent automation software company, to offer new reconciliation functionality to its securities market customers. Thanks...

SEC Adopts Capital, Margin and Seg Requirements

The Securities and Exchange Commission has taken another significant step toward establishing the regulatory regime for security-based swap dealers by adopting a package of...