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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 S...

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 co...

,” 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...

A Forward Look At Regulation Of The UK’s 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 ty...

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, broker...