IOSCO-CPMI statement on clearing of deliverable FX instruments. The International Organization of Securities Commissions and the Committee on Payments and Market Infrastructures released a joint statement on the clearing of deliverable FX instruments by CCPs. The statement explains that while CCPs are not obligated to use a specific settlement process for deliverable FX instruments, they must make certain that it satisfies the requirements of the CPMI-IOSCO Principles for financial market infrastructures by ensuring that it maintains sufficient qualifying, highly reliable liquid resources to cover, on time, liquidity shortfalls. (2/5/2016) Joint agency statement.
Basel Committee issues additional guidelines on AML and CFT obligations in account opening. The Basel Committee on Banking Supervision published a revised version of its General guide to account opening, which incorporates additional guidance from the Financial Action Task Force Recommendations on establishing account opening procedures that comply with anti-money laundering and countering terrorist financing obligations. (2/4/2016) BIS press release.
ISDA OTC Derivatives Compliance Calendar. The International Swaps and Derivatives Association updated its OTC Derivatives Compliance Calendar. (2/1/2016) OTC Derivatives Compliance Calendar.
ISDA analysis of trading activity data for interest rate derivatives and credit default swaps. ISDA released its SwapsInfo Fourth Quarter 2015 Review. (1/28/2016) ISDA SwapsInfo Fourth Quarter 2015 Review.
ISDA report on compression and clearing in interest rate derivatives. ISDA released a research note that highlights the increased role of clearing and compression in the interest rate derivatives market. (1/21/2016) ISDA press release.
FSB reveals members of Task Force on Climate-related Financial Disclosures.The Financial Stability Board announced the members of an industry-led Task Force on Climate-related Financial Disclosures, which will seek to develop a set of recommendations for consistent, comparable, reliable, clear and efficient climate-related corporate disclosures. (1/21/2016) FSB press release.
FSB releases public responses to consultation on Arrangements to Support Operational Continuity in Resolution. The FSB published the responses it received to its consultative document on Arrangements to Support Operation Continuity in Resolution. (1/21/2016) FSB press release.
FSB publishes public responses to consultation on Temporary Funding Needed to Support the Orderly Resolution of a Global Systemically Important Bank. The FSB released the public feedback it received in response to its consultation on the Temporary Funding Needed to Support the Orderly Resolution of a Global Systemically Important Bank. (1/21/2016) FSB press release.