FDIC Part 370 deposits reporting and ongoing bank failures
Market participants widely anticipate the FDIC zeroing in on Part 370 compliance, including several critical deposit reporting/monitoring elements for which all banks should prepare.
Global Shareholding Disclosure ― Turning up the Heat
In the current environment of heightened global scrutiny, firms must have a robust regulatory reporting platform that fosters a culture of shareholding disclosure oversight and transparency across all jurisdictions ― or face the consequences.
Basel IV in APAC (aka Basel III Reforms) – Finally Rolling!
Deadlines to implement Basel IV in APAC bring significant challenges that need strategic attention.
These rules and calculation changes are materially different in scope and complexity. And if they are not already effective in your country, they will be – very soon. Read here to learn about these changes, deadlines, and the key questions to consider to be ready in time for Basel IV in APAC
MT to MX Migration, An ISO 20022-Driven Messaging Approach
The MT to MX migration — the focus of this article — is one of the most time-sensitive of many key evolutions in post-trade processing.
Many CRR3 and UK Basel 3.1 deviations on the way to Basel IV
There has been significant regulatory activity since October 2021 when the European Commission published its CRR3 legislative package introducing the revised Basel III reforms (aka Basel IV) for euro-area banks.
7 key takeaways from fallen banks
Five financial institutions have shuttered in just five months — four in quick succession in March alone — something that has not happened in almost a century. Several remain under pressure and market scrutiny.
XML Submissions Transformation Program to Go Live in 2023
New Central Bank initiatives that streamline information gathering and processing from all financial institutions in the Philippines
Redundancy-free IReF benefits regulators and the regulated
After years of discussion, the European Central Bank (ECB) has settled on a concept, a design, and a timeline for an integrated reporting framework (IReF) that reduces the burden on banks, eliminates the redundancy of submitted information, and simplifies the regulatory requirements it monitors.
April 2024 EMIR Refit mandates ISO 20022, UPI for messaging
Just as financial institutions are getting a handle on a raft of trade and transactions rewrites including the quite challenging CFTC Rewrite and regime changes for ASIC, JFSA, and MAS, here comes ESMA with a bombshell — EMIR Refit.
EU Taxonomy: Operational minefield for credit institutions
Today, regulators worldwide have added clarity to the burgeoning environmental, social, and governance (ESG) framework by adopting and incorporating regulations that homogenize assessment methods and disclosure requirements.
The APAC Regulatory Landscape
The APAC Regulatory Landscape:
2022 Sets The Stage For Five Big 2023 Developments
Even as the world was just emerging after months of global lockdowns in 2022, instrumental changes were taking place in the Asia-Pacific world of regulations, triggering the need for a strategic platform transformation.
Getting ahead of an avalanche of ESG regulatory requirements.
The ESG Landscape – An Avalanche Of Regulatory Requirements
Financial institutions are facing unprecedented challenges with the introduction of a host of ESG regulations. Regulators are moving away from the traditional approach to now requiring a combination of financial and non-financial information to assess the credit quality and sustainability of institutions, making the need for flexible ESG monitoring and reporting systems more urgent.
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
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).