Regulatory Updates

Featured Updates

EU Taxonomy: A regional ESG initiative with a global impact.
ESG Regulation EU 2020/852 (EU Taxonomy): Regional Initiative. Global Impact. Looming Deadline.

RegNews: UMR and FX Clearing — A New Landscape Offering Many Benefits
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.

APRA Comprehensive Data Collection – Granular Data Arrives

Canada Goes Live with Basel IV Changes Q1 2023
The Basel reforms are now just over the horizon for Canada. Under the new framework, many banks will face significant changes to RWA and capital ratios, and lower return on equity; they need to prepare now. Basel IV can be a strategic opportunity for firms implementing new rules, if they can get their response to the technical and functional challenges right.

Switzerland’s Basel IV Parallel Run Paves the Way
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 agreed-upon final Basel III (aka Basel IV) reforms for credit, market, operational, leverage, and liquidity risk management, capital requirements, and the related disclosure guidelines.

Brazil BACEN Resolution 229 Impacts Credit Risk & DLO
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 its new requirements in their DLO submissions. Although all BACEN-regulated banks are affected, the most significant impact is on the largest banks (Segments 1-3).

CFTC Rewrite – Avoid a Rocky End to a Long Journey


