In the current period of post-Brexit limbo, questions are being asked over the fate of impending European regulations such as the Markets in Financial Instruments Directive II (MiFID II) which is due to come into force in 2018. While tempting to push it down the agenda — it has been continually delayed — financial institutions… Read More >>
CloudMargin’s SWIFT Move Pushes Low-Touch Option
Cloud-based collateral management technology vendor CloudMargin reports that it is first such provider to join the SWIFT cooperative, a step that may help the company make its case to firms considering low-touch solutions to meet the non-cleared derivatives margining rules to come. By working with SWIFT, CloudMargin will adopt SWIFT connectivity and standards, says Keith… Read More >>
Basel Committee Eases Risk Capital Rules
Although banks heaved a sigh of relief that the Basel Committee on Banking Supervision’s revised market risk capital framework was less onerous than feared, they will still be facing a hugely expensive undertaking, impacting both infrastructure and certain business lines. The exact costs banks will incur are hard to calculate because it will depend on… Read More >>
SmartStream Launches Adaptor for Margining
London-based financial transaction management software specialist SmartStream is launching the TLM Collateral Management Adaptor to help firms manage initial and variation margining for non-cleared, over-the-counter (OTC) derivatives, say vendor officials. The new adaptor integrates SmartStream’s TLM Collateral Management with the MarginSphere clearing services of margining platform vendor AcadiaSoft, officials say. The adaptor is delivered as… Read More >>
Wolters Kluwer: FTRB Could Be a Headache for Firms
Financial firms should start planning in advance for how well they’ll be able to comply with the Basel Committee for Banking Supervision’s (BCBS) proposed Fundamental Review of the Trading Book (FRTB) – or whether they’ll have to at all, according to a new whitepaper out by consultancy Wolters Kluwer Financial Services. The FTRB is currently… Read More >>
Basel Committee Has New Secretary General
The Basel Committee on Banking Supervision reports that William Coen will be its next secretary general, for an initial term of three years. Coen also will serve as chairman of the committee’s policy development group. Coen has almost 30 years of banking and regulatory experience, including 15 years with the Bank for International Settlements and,… Read More >>
