Connect Capital Markets & Regulatory Solutions – Basel Rules

To cope with Basel-driven complexities, firms increasingly seek consolidated offerings, i.e., vendors combining capital markets risk analytics with regulatory calculation and reporting, cloud-first approaches, and TCO optimization. As originally articulated in our Emerging Themes Risk paper, Adenza uniquely addresses these strategic objectives by permitting an uninterrupted audit chain and data lineage from front-office trades at […]

Basel III Endgame: A Market, Credit, & CVA Risk Analytics POV

The US Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (US Fed), and the Office of the Comptroller of the Currency (OCC) jointly issued the long-expected notice of proposed rulemaking (NPR) that will revise the measurement of risk-weighted assets (RWA) and the definition of regulatory capital applicable to large […]

BSP to deploy its International Transaction Reporting System

Download PDF View Legal Terms Central Bank initiative for prudential supervision and monitoring of all FX transactions for regulated banks in the Philippines. The Bangko Sentral ng Pilipinas (BSP) is in the process of transforming all data collection in XML and API formats as the first step to enhancing its compliance ecosystem by rationalizing the […]

Large credit institutions prepare for XBRL Pillar 3 reporting

Download PDF View Legal Terms The environmental, social, and governance (ESG) trend takes another step, this time not to another region but instead to augment the current ESG Pillar 3 regulation with the eXtensible Business Reporting Language (XBRL) disclosure requirement. The mandate goes live in Q1 2024 for large credit institutions with EEA regulated market-listed […]

EBA released Final Draft for Initial Margin Model Validation

View Legal Terms As a complement to the standard ISDA SIMM harmonization used by all market participants to calculate the IM, the approval of models is now coming into picture “to ensure initial and ongoing validation of those risk-management procedures.” Scope The EBA RTS final draft, issued on July 7, 2023, comprises a series of […]

Hong Kong ESG taxonomy and its global regulatory synergies

Download PDF View Legal Terms While the European Union has been leading on ESG initiatives – EU Taxonomy, Pillar 3, and Sustainable Finance Disclosure Regulation (SFDR) – the impact of climate change does not recognize borders, and so climate-risk assessment is becoming increasingly vital around the world. Enter Hong Kong, leading on the other side […]

Basel III Endgame NPR Ushers In a New Era

Download PDF View Legal Terms US Regulators Issue Basel III Endgame NPR Ushering In a New Era for Capital Management and Reporting Scope The long-awaited US Federal Reserve’s NPR issued on July 27, 2023, encompasses significant changes across all pillars of regulatory capital risk measurement including credit, market, operational risks, and CVA. The new dual-requirement […]

DRSAC brings drastic changes to banks operational priorities

Download PDF View Legal Terms The environmental, social, and governance (ESG) trend — supporting corporate and individual demand to better quantify and understand the impacts of our actions on the planet — continues its march around the globe. Each region (EMEA/EU Taxonomy, APAC/ASEAN Taxonomy) or country (Australia, Canada, Hong Kong) with its own standards and […]

Rude awakening re liquidity stress testing post the SVB crisis

Download PDF View Legal Terms The dust is only just settling after the recent turmoil propagated by the rapid-fire failures of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank. Recall that the Federal Deposit Insurance Corporation (FDIC) took over SVB on March 14, 2023, and then two days later announced it would also guarantee […]

Malaysia’s New Capital Adequacy Rules — Basel III Reporting

View Legal Terms Navigating BNM’s Proposed Regulatory Capital Reform Bank Negara Malaysia (BNM), the central bank of Malaysia, recently released three exposure drafts (ED) outlining its proposed transition to Basel III reporting requirements and implementation guidance. Expected to take effect in 2025 – in less than two years’ time, BNM’s reforms aim to enhance the […]

Global Shareholding Disclosure ― Turning up the Heat

View Legal Terms The first-ever application of simplified settlement of a fineable matter under a new Dutch sanctioning system involving a Netherlands-based global asset manager has placed the spotlight on the growing shift towards a zero-tolerance policy to non-disclosure by regulators globally. The penalties for late shareholding disclosure can be significant, from censure, hefty fines, […]

FDIC Part 370 deposits reporting and ongoing bank failures

Download PDF View Legal Terms With the latest domino having fallen on May 1, 2023, many people are talking about what may be contributing to the turmoil. There is the obvious, the currently “under review” deposit-monitoring requirement by the U.S. Federal government. There is also the inadvertent; the worry among regular citizens about the safety […]