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I thought let us talk about some of the rules and its impact on different regions Basel liquidity rule Covers : Banks worldwide What it does : Requires banks to hold enough cash or assets which can me...
Financial Institutions (FI) follow different solutions to fulfil compliance requirements. We can divide this into following different models: 1. Option 1 : in-house, in-country This option is will h
The management of intraday liquidity – defined by the Committee on Payment and Settlement Systems (CPSS) as “funds that can be assessed during the business day, usually to enable financial institution...
The current economic crisis has led to much debate in relation to the relative merits of compliance and noncompliance cost of the regulations. The widespread pain caused by the crisis has galvanized r...
The Chairman of the Financial Stability Board (FSB), Dr Mark Carney, has written to the G20 Finance Ministers and Central Bank Governors providing an update on financial reforms. The letter summarise...
The Basel Committee on Banking Supervision (BCBS) has published a final standard for calculating regulatory capital for banks’ exposures to central counterparties (CCPs). This will replace the interi...
The Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), has given a speech on “The road to a true single market in financial services”. In respect of the challenges for cr...
The European Commission (EC) has launched the consultation on where the boundary lies between what is a foreign exchange (FX) financial instrument and a spot FX instrument in order to provide clarity ...
The European Supervisory Authorities (ESAs) have launched a consultation on draft Regulatory Technical Standards (‘RTS') covering: the risk management procedures for counterparties to non-centrally c...
The Financial Stability Board (FSB) identified as a priority the need for more intense and effective supervision, particularly of systemically important financial institutions (SIFIs), after the finan...
The Commodity Futures Trading Commission (CTFC) has announced that the new replacement no action letter for swaps traded on Multliateral Trading Facilities (MTFs) contains notable clarifications seek...
The Basel Committee on Banking Supervision (BCBS) has published an updated progress report on the implementation of the Basel regulatory framework. This sets out the adoption status of Basel II, Base...