HKEX Appoints Head Of Post Trade Change Date
13/04/2021
Hong Kong Exchanges and Clearing Limited (HKEX) is today (Tuesday) pleased to announce that Lisa O’Connor has joined the company as Managing Director, Head of Post Trade Change, reporting to Head of Post Trade, Glenda So.
In her new role, Ms O’Connor will be working across HKEX’s clearing and settlement system initiatives, helping to leverage new technology to expand HKEX’s post trade services and enhance its service offering and process efficiency.
Ms O’Connor joins HKEX from global financial messaging services provider SWIFT, where she held a number of senior roles, most recently as Head of Capital Markets Strategy, Global.
ISDA: Response To HM Treasury Consultation On The Implementation Of Basel III Standards Date
01/04/2021
On April 1, 2021, ISDA and the Association for Financial Markets in Europe submitted a joint response to HM Treasury (HMT) on its consultation on implementing the Basel III standards.
The UK Financial Services Bill allows HMT to revoke provisions from the Capital Requirements Regulation (CRR) so the Prudential Regulatory Authority (PRA) can introduce updated prudential rules for credit institutions and PRA-designated investment firms equivalent to the EU’s CRR2.
Chapter two of the consultation paper is a statement of how HMT intends to exercise its revocation power, and chapter three seeks respondents’ views on HMT’s approach to applying the standardized approach (SA) reporting requirements under the Fundamental Review of the Trading Book (FRTB).
,” DTCC outlines its recommendations for a path forward in reaching global data harmonization in the over-the-counter (OTC) derivatives market.
“OTC derivatives trade reporting standardization would enable regulators to reach the level of transparency and global risk monitoring identified as critical by the G20 summit, but has been a challenge to achieve for individual jurisdictions,” said Chris Childs, DTCC Managing Director and Head of Repository and Derivatives Services. “With several trade reporting rule sets currently under regulatory review, now is the time to work together and continue to progress against these objectives, and more specifically, to align individual jurisdiction trade reporting rules to facilitate global market transparency.”
A Forward Look At Regulation Of The UKâs Wholesale Financial Markets - Keynote Speech By Edwin Schooling Latter, Director Of Markets And Wholesale Policy At The FCA, Delivered At The ISLA s Post Trade Conference On 16 March Date
Location: ISLA s 11th Virtual Post Trade Conference
Delivered on: 16 March 2021
Highlights
Decisions to tailor securities financing transaction reporting and settlement buy-in rules to achieve the desired outcomes in the way that best fits UK-based markets.
The FCA welcomes recommendations to look at aligning prospectus documentation requirements with the type of capital raise being undertaken.
There is scope to simplify and remove costs from some parts of the MiFIDII regime without material loss of benefits.
FIA Industry Survey Finds Positive Outlook For Growth Of Cleared Derivatives Markets - Majority Of Respondents Expect Growth To Continue, Led By Commodities And Equities; Pandemic And Political Risks Top List Of Concerns Facing The Industry; And China, Bitcoin And Operational Efficiency Are Key Focus Areas For Banks, Brokers And Technology Vendors Date
FIA today
released a report summarizing the findings from a survey conducted at the beginning of 2021 to assess the outlook for the global cleared derivatives industry. The survey gathered feedback from people working at banks, brokers, exchanges, technology vendors and other firms that support the trading and clearing of derivatives such as futures and options.