ISDA is trying to renew the infrastructure supporting the derivatives market in an effort to support more standardisation and digitisation so as to increase efficiency
EU authorities open to considering technical tweaks to MiFID II
An upcoming review of MiFID II has been welcomed by the industry as an opportunity to make some technical changes to the directive so it is easier to comply with
Germany paves way for completing European banking union
Germany has reinvigorated momentum towards completing the European Banking Union, but the conditions attached could turn out to be a bridge too far for some member states
BIS makes raft of appointments including Powell as GEM chair
The Bank for International Settlements (BIS) has made a number of appointments including making Jerome Powell, the chair of the US Federal Reserve System, chairman of the Global Economy Meeting (GEM) and the Economic Consultative Committee, after consultations with members of the GEM.
Cœuré to head BIS innovation hub
The head of the new BIS innovation hub will be Benoît Cœuré, who is a member of the European Central Bank’s (ECB) executive board, the Bank for International Settlements said in a statement.
Basel Committee consults on AML/CFT guidelines
The Basel Committee on Banking Supervision is requesting feedback on introducing guidelines on the interaction and cooperation between prudential and anti-money laundering and combatting the financing of terrorism (AML/CFT) supervision.
Basel Committee consults on templates relating to market risk disclosure requirements
The Basel Committee on Banking Supervision is consulting on its revisions to market risk disclosure requirements relating to the profit and loss attribution (PLA) test for banks that use the internal models approach (IMA) to assess capital requirements for their trading books.
Basel Committee consults on templates detailing bank sovereign exposures
The Basel Committee on Banking Supervision has launched a consultation, which closes on February 12, 2020, on three Pillar 3 templates relating to bank sovereign exposures.
Basel Committee says supervisors must pay attention to the impact of open banking
Banks and their supervisors need to pay greater attention to the effects of open banking on the industry in areas such as sharing customer data and the growing connectivity among players, the Basel Committee on Banking Supervision said in a report.
FSB’s G-SIB count rises by one bank to 30 institutions
Global standard setters have published the 2019 list of global systemically important banks (G-SIBS) which now number 30 financial institutions, one more than last year thanks to the addition of Toronto Dominion.
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