All regulation news

DSB launches Unique Product Identifier User Acceptance Test service

17 April 2023 UK
Reporter: Carmella Haswell

The service aims to support industry readiness and implementation of UPI regulatory mandates in derivatives markets, including amendments to the US Recordkeeping and Swap Data Reporting, EU EMIR Refit and UK EMIR

BoE and CFTC reinforce mutual supervision of cross-border CCPs

14 April 2023 US, UK
Reporter: SFT

Based on the 2020 MoU between the BoE and CFTC, the BoE has affirmed that it will continue to rely on CFTC’s supervision and oversight in the case of US-based CCPs that are “incoming” to the UK

Trade associations respond to PRA Basel Consultation

04 April 2023 UK
Reporter: Bob Currie

Industry bodies including ISDA, AFME and ISLA have published responses to the Prudential Regulatory Authority consultation on Basel 3.1 standards, warning against the impact of “disproportionate capital costs” on financing, liquidity and hedging

Strong improvement in capital reserves and liquidity risk profiles key to banking resilience, says BCBS

23 March 2023 Switzerland
Reporter: SFT

Since 2011, banks’ leverage ratio has improved from 3.5 to 6.5 per cent and their risk-based common equity tier 1 ratio (CET1) has risen from 7 to 13 per cent, according to Basel Committee

EU supervisors confirm ranking in resolution waterfall following Credit Suisse takeover

21 March 2023 Switzerland
Reporter: Bob Currie

The EU Single Resolution Board (SRB) has issued a statement confirming that holders of Additional Tier 1 (AT1) instruments should rank ahead of holders of common equity in case of resolution or insolvency of a banking institution in the Banking Union

Natixis picks Adenza’s solution to automate regulatory reporting in Hong Kong

20 March 2023 France
Reporter: Jenna Lomax

The Adenza solution fully automates the regulatory reporting process by integrating, managing and reconciling volumes of disparate data

Corlytics and Solidatus enter into regulatory reporting partnership

15 March 2023 UK, US
Reporter: SFT

This alliance will enable digitised regulatory information from Corlytics to be integrated into the regulatory data catalogues maintained by Solidatus and linked to data lineage models where they can be adapted to companies’ controls and systems