Know-your-customer concerns. Reuters summarized the World Economic Forum’s concerns over the possible imposition of a global “know-your-customer” rule that would drive financial firms out of some emerging market countries. (8/28/2015) Know-your-customer.
ISDA Review of IRD and CDS Trading Activity. The International Swaps and Derivatives Association (ISDA) published the SwapsInfo Second Quarter 2015 Review analyzing trading activity of interest rate derivatives (IRD) and credit default swaps (CDS). (8/24/2015) ISDA review.
Consultative report on the harmonization of the UTI. The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) requested comment on a consultative report entitled “Harmonization of the Unique Transaction Identifier” (UTI), which offers guidance on UTI definition, format, and usage. Comments should be submitted by September 30, 2015. (8/19/2015) Joint press release.
Application of PFMI to central bank FMIs. CPMI and IOSCO issued guidance on how the Principles of financial market infrastructures (PFMI) applies to those financial market infrastructures owned and operated by central banks. (8/19/2015) PFMI guidance.
Basel Committee offers guidance on SA-CCR. The Basel Committee on Banking Supervision published answers to frequently asked questions regarding the Standardized Approach for measuring counterparty credit risk. (8/19/2015) SA-CCR questions and answers.