The final rules, adopted yesterday, look to reinforce governance standards relating to board independence, CCP use of external service providers, and steps to reduce potential conflicts of interest relating to board members and senior management
Feedback statement publishes anonymised summary of consultation responses reflecting on how AI may impact regulators’ ability to deliver prudential and conduct of business supervision in the UK financial sector
The European Banking Authority and the European Securities and Markets Authority have released a consultation paper on two draft joint guidelines under the Markets in Crypto-Assets regulation
This review, conducted in H2 2022, was based on a review of governance and counterparty credit risk management at 23 organisations involved in trading derivatives and securities financing transactions with non-bank counterparts
The US securities markets regulator found that Toronto-based AAI had violated SEC Rule 105 which prohibits short selling of an equity during a restricted period, typically five business days prior to a covered public offering
Almost 18 months after the close of its two-stage public consultation, the US securities regulator has released final rules for implementation of Rule 10c-1 relating to the reporting of securities lending transactions
US banking regulators are not delivering Basel III Endgame goals of improving risk sensitivity and comparability, panellists heard at the RMA Conference
The anticipated US Treasury Clearing proposal has caused concern for some firms, which indicate that the costs of its implementation will outweigh the benefits
The update considers outstanding standards that remain after the Basel III framework’s 1 January 2023 implementation date, outlining progress that has been made by BCBS member jurisdictions since the end-September 2022 update
The UK Prudential Regulation Authority (PRA) has pushed back the implementation date for the final phase of Basel III reforms in the UK by six months to 1 July 2025
