Six years on from the financial crisis… where have we got to and where do we...
JWG analysis. Financial regulation remains as complex as ever. Complex new niches such as shadow banking, Fintech, and Over-the-Counter Derivatives, and the increasing interconnectedness of Financial...
View ArticleJurisdictions lacking the tools for shadow banking oversight
On 25 May, the Financial Stability Board (FSB) reported on jurisdictional progress in implementing their policy framework for strengthening oversight and regulation of shadow banking entities. Shadow...
View ArticleBanks still pose the risk of being “too big to fail”
On 18 August 2016, the Financial Stability Board (FSB) published two final guidance papers for authorities and firms as part of the agenda to end the “too big to fail” risk. Some progress is being...
View ArticleWhat next for SFTs after SFTR? – Article 29(3) report
The Securities Financing Transitions Regulation (SFTR) has been introduced in the light of the G20’s agenda to address concerns of the build-up of leverage and pro-cyclicality which can be caused by...
View ArticleThe LEI: From interim identifiers to a global standard
Recently, CFTC Commissioner Scott O’Malia issued a blistering condemnation of the lack of data standards within financial services regulation: “the Commission told the industry what information to...
View ArticleINSEE approved as first French pre-LOU
INSEE has now gone live as the first French pre-LOU able to issue pre-LEIs. Details can be found on their website here (in French) . Translation below: The G20 has approved the unique device for...
View ArticleOne step forward or two steps back? FSB reports on implementation of global...
On 2 September 2013, the Financial Stability Board (FSB) published the sixth of its semi-annual comprehensive progress reports on over-the-counter (OTC) derivatives reform, as per the agenda of the...
View ArticleThe cost of implementing the LEI: CDOs under the gun?
A big theme present at a big industry data conference earlier this month was how firms were approaching the BCBS’s standards on risk data aggregation as well as the implementation of the regulatory...
View ArticleThe OTC mirage: As deadlines near, global trade reporting follies emerge
JWG analysis. With the 12 February EMIR trade reporting deadline just around the corner, the atmosphere in the derivatives industry suggests just as much turmoil as ever. Issues surrounding LEI...
View ArticleRegDelta alert no 6: HKMA issuance of recovery planning guidelines
JWG analysis. Last month (20 June), the Hong Kong Monetary Authority issued a new Supervisory Policy Manual (SPM) on the topic of recovery planning (Module RE-1: Recovery Planning) following a...
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