James Langton
Following its latest review of derivatives trading data, the Canadian Securities Administrators (CSA) are continuing to push back the publication of proposed rules setting margin requirements.
In a notice on Thursday, the CSA reported that it will “further delay” publication of a proposed rule to adopt margin requirements for over-the-counter (OTC) derivatives.
“We will provide an update when we believe changes in the results from the harmonized monitoring process or circumstances warrant the continuation of work to implement margin requirements,” the CSA said in its notice.
The move follows a decision last April by global banking and securities regulators (the Basel Committee on Banking Supervision and the International Organization of Securities Commissions) to extend their deadlines for phasing in requirements to September 2022, citing the impact of Covid-19 on the industry.
James Langton
Following its latest review of derivatives trading data, the Canadian Securities Administrators (CSA) are continuing to push back the publication of proposed rules setting margin requirements.
In a notice on Thursday, the CSA reported that it will “further delay” publication of a proposed rule to adopt margin requirements for over-the-counter (OTC) derivatives.
“We will provide an update when we believe changes in the results from the harmonized monitoring process or circumstances warrant the continuation of work to implement margin requirements,” the CSA said in its notice.
The move follows a decision last April by global banking and securities regulators (the Basel Committee on Banking Supervision and the International Organization of Securities Commissions) to extend their deadlines for phasing in requirements to September 2022, citing the impact of Covid-19 on the industry.
Apr 06 21
Investment Company Institute President & CEO Eric Pan spoke earlier this week on Observations About the March 2020 Turmoil and Regulated Funds at The Harvard Law School Forum on Corporate Governance. Pan says, I would like to speak with you today about the discussions US and international policymakers are having about the March 2020 market turmoil and their work to make the financial markets more resilient in the face of a similar liquidity shock. Such work is taking place in international bodies like the Financial Stability Board (FSB) and International Organization of Securities Commissions with the active participation of US financial regulators. For those familiar with the regulatory debates following the 2007-09 global financial crisis, these discussions should give you a sense of dĂŠjĂ vu. Regulated funds, including money market funds and long-term open-end funds, such as bond funds, are being closely scrutinized for syste
By Stephen Bouvier2021-04-07T13:48:00+01:00
The IFRS Foundation has launched its 2021 consultation on the shape of its future work programme, with one of the discussion points being a full-scale review of the International Accounting Standards Board’s pensions rule-book, International Accounting Standard 19, Employee Benefits (IAS 19).
Hans Hoogervorst, chairman of the International Accounting Standards Board said: “The Agenda Consultation provides an important opportunity to help shape the Board’s priorities and the future of financial reporting.”
He added that the board’s work programme over the next five years will focus in part on finalising its existing work agenda and carrying out post-implementation reviews of its financial instruments, revenue and leases accounting standards.
Archyde
April 7, 2021 by archyde
Company announced The Saudi Stock Exchange “Tadawul” Its transformation into a holding group under the name of “Tadawul Group” that includes under its umbrella 4 companies: “Tadawul”, “Clearing House”, “Deposit” and “Wamda”.
The Chairman of the Board of Directors of the Saudi Tadawul Group, Sarah Al-Suhaimi, confirmed in a virtual press conference to launch the new structure that this step comes to prepare the group for the initial public offering during the current year in addition to strengthening the position of the Saudi market on the global stage and raising its contribution to the local economy in line with Vision 2030.