BIC: Standardizing capital requirements for operational risk
View Legal Terms The global theme of standardization takes another important step forward as the European Banking Authority (EBA) asks banks to homogenize the way they calculate capital requirements for operational risk and produce more granular quarterly reports. The BIC requirement goes live on January 1, 2025, with first reporting on March 31, 2025 for […]
New granular data requirements comes to Saudi Arabia
View Legal Terms Saudi Arabia has been heavily investing in the Kingdom’s infrastructure, local talent, and entrepreneurs to position itself as a leading fintech hub since 2018, when the Saudi Central Bank, Saudi Arabia Monetary Authority (SAMA) and the Capital Market Authority (CMA) launched the Financial Sector Development Program (Fintech Saudi). The program, which includes […]
Rule 15c3-3 New Daily Computations Challenge US Broker-Dealers
Download PDF View Legal Terms Expected to come into force in mid-2024, the proposed changes to the SEC Customer Protection Rule 15c3-3 require 50+ firms to calculate reserve requirements for customer and proprietary accounts of broker-dealers (PAB) daily and, as a result, maintain sufficient cash and/or qualified securities in the designated Special Reserve Bank Accounts […]
Prep Now for Imminent Changes to US Shareholding Disclosures
Download PDF View Legal Terms An aggressive timeline and unfamiliar territory To comply with the SEC’s significant changes to shareholding disclosures rules for substantial shareholding (SH) and short selling (SS), institutional investors have a lot of work to do. The aggressive compliance timeline starts on February 5, 2024 and extends throughout the year. To meet […]
A Post-Trade Processing Market Transformation Journey
A Post-Trade Processing Market Transformation Journey It is important for firms to consider defragmenting, simplifying, and consolidating especially now when there are so many unknowns dominating the “new norm”’ world we inhabit, and the “departures board” is full of regulatory changes in flight. View Disclaimer and Copyright Complete Form to Download
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 […]