EU Taxonomy: A regional ESG initiative with a global impact
Download PDF View Legal Terms EU Taxonomy A regional ESG initiative with a global impact. As the world grapples with the climate crisis, food scarcity, ocean acidification, among a host of abuses against the planet, corporations have moved from simply reacting to more proactively courting the public’s approval. This shift has led many market participants […]
UMR and FX Clearing — A New Landscape Offering Many Benefits
View Legal Terms The UMR-driven FX clearing environment. The introduction of Uncleared Margin Rules (UMR) significantly impacted the foreign exhange (FX) clearing world. It substantially increased trading costs for uncleared derivatives and thus, accelerated the expansion of clearing programs globally. It mandated that counterparties post a new two-way initial margin (IM) in segregated accounts. Although […]
APRA Comprehensive Data Collection – Granular Data Arrives
Download PDF View Legal Terms APRA Comprehensive Data Collection ADIs Must Run Australia’s Granular-Data Gauntlet The issuance in March 2022 of a discussion paper on the APRA Comprehensive Data Collection program came as no surprise to APRA watchers/and regulated authorized deposit-taking institutions (ADI). The Australian Prudential Regulation Authority has long been voicing its intent to […]
The Basel IV Parallel Run Commences
Download PDF View Legal Terms The Basel IV Parallel Run Commences Switzerland Paves the Way for Europe The Swiss Financial Market Supervisory Authority (FINMA) has set out requirements for selected Swiss entities to begin parallel reporting runs in January 2023. The FINMA and Swiss National Bank (SNB) revisions reflect the final round of the internationally […]
CFTC Rewrite – Avoid a Rocky End to a Long Journey
Download PDF View Legal Terms The CFTC Rewrite – Avoid a Rocky End to a Long Journey. With its long-expected Rewrite (DFA Parts 43 and 45), the CFTC aims to bring the US market into alignment with harmonized critical OTC derivatives data elements. Where this CFTC Rewrite is heading, so follows the EMIR Refit, and […]
Brazil BACEN Resolution 229 Impacts Credit Risk & DLO
Download PDF View Legal Terms BACEN Resolution 229 A credit-risk fine tuning that aligns with BCBS and impacts Brazil’s DLO reporting Effective on January 1, 2023, BACEN’s Resolution 229 poses challenging requirements that impact the way financial institutions currently calculate credit risk and how they report it. In March 2023, all banking segments must include […]
Canada Goes Live with Basel IV Changes
Download PDF View Legal Terms Basel IV: Canada The long-heralded Basel reforms are now just over the horizon for Canada — even without a resolution to the debate as to whether these changes represent a continuation of Basel III or are significant enough to be treated as distinct round of reforms and therefore worthy of […]