News Centre

ISDA Letter To FSB GUUG – Global UTI Implementation

Date 24/08/2020

Individual jurisdictions are currently amending or drafting transaction reporting rules.  This ISDA letter to the Financial Stability Board’s (FSB) Working Group on UTI and UPI Governance (GUUG) requests more active, improved coordination of global UTI implementation timelines and alignment to the CPMI-IOSCO Harmonisation Group recommendations, even while the final International Governance Body is being established.

FIA And FIA PTG Comment In Support Of The CFTC’s Electronic Trading Proposal

Date 24/08/2020

FIA and FIA PTG (collectively, “FIA”) today submitted comments supporting the CFTC’s Electronic Trading Risk Principles rule proposal. The CFTC proposal reflects a carefully reasoned principles-based approach that builds on the industry’s efforts over the years to mitigate the risks of electronic trading. As such, FIA strongly encourages the agency to prioritize the proposal in its rulemaking agenda.

SIFMA Fixed Income Market Close Recommendation In The U.S., The U.K. And Japan For U.S. Labor Day Holiday

Date 24/08/2020

SIFMA has confirmed its previous holiday recommendation for a full market close on Monday, September 7 for the trading of U.S. dollar-denominated fixed income securities in the U.S., the U.K., and Japan in observance of the U.S. Labor Day holiday.

CFTC Adds More Than 20 Unregistered Foreign Entities To RED List - New RED List Interactive Webpage Launched

Date 24/08/2020

As part of the Commodity Futures Trading Commission’s ongoing efforts to help protect Americans from fraud, today the CFTC added 22 unregistered foreign entities to its Registration Deficient List (RED List). The CFTC also launched a redesigned RED List webpage that provides more information about the listed entities and why the CFTC recommends individuals not engage in financial transactions with them. Launched in 2015 [See CFTC Press Release No. 7224-15], the CFTC’s RED List now contains 168 entities.

US Federal Reserve Will Co-Host A Research Conference On Bank Supervision On December 11, 2020

Date 24/08/2020

The Federal Reserve Board in December will co-host a research conference on bank supervision. The conference will bring together academics, supervisors, bankers, and other stakeholders to discuss the theory and practice of bank supervision.

Finansinspektionen's Director General Erik Thedéen: How can consumer welfare be improved in financial markets?

Date 24/08/2020

FI's Director General Erik Thedéen took part in a panel discussion during the conference "Consumer Behavior in Financial Markets", arranged by the Swedish House of Finance at the Stockholm School of Economics today.

BIS: Corporate Dollar Debt And Depreciations: All's Well That Ends Well?

Date 24/08/2020

Summary

Focus

When a country's exchange rate falls, the effect on corporate balance sheets may become significant. A firm that borrows in foreign currency is vulnerable to unexpected exchange rate movements if its currency exposures are not fully hedged operationally (eg the firm exports) or financially (eg with financial derivatives). A depreciation can weaken the firm's balance sheet and thus hinder investment. This paper studies such balance sheet effects in a sample of 15 emerging market economies (EMEs).

Finansinspektionen: TRS 2 Closed For Maintenance

Date 24/08/2020

It will be possible to submit TR files, but you will not receive any feedback until at the earliest Monday, 31 August.

BIS: Rise Of The Central Bank Digital Currencies: Drivers, Approaches And Technologies

Date 24/08/2020

Summary

Focus

Central bank digital currencies (CBDCs) are in the limelight. But the reasons for issuing them vary between countries, as do the policy approaches and technical designs. This paper looks at the economic and institutional motives behind current CBDC projects and asks how they might shape the design of such currencies.

Chainalysis Partners With Leading Australian Cryptocurrency Businesses - Assembly Payments, CoinSpot, And CoinJar Choose Chainalysis To Boost Compliance Practices

Date 24/08/2020

Chainalysis, the blockchain analysis company, today announced partnerships with leading Australia-based payments provider Assembly Payments and cryptocurrency exchanges CoinSpot and CoinJar to improve compliance standards. CoinSpot and CoinJar will use Chainalysis KYT (Know Your Transaction) and Chainalysis Reactor for transaction monitoring and enhanced due diligence. Assembly Payments will use Chainalysis Kryptos, the industry’s reference directory for cryptocurrency services and their on-chain activity, to make more informed decisions about the cryptocurrency businesses they work with and monitor risky activity.