The Covid-19 pandemic has given rise to more conduct risks with most bank staff forced to work at home, making it crucial for senior managers to maintain audit trails of their decisions.
Reporting and Governance
AMF still sees transparency issues in French corporate bond market
In an assessment of bond market transparency over two years after the markets in financial instruments directive (MiFID) II came into force, the French securities regulator, Autorité des Marchés Financiers (AMF), found there are still too many gaps in the needed data to gain a full picture of market activity.
China cracking down on market abuse by listed companies
China is taking a zero-tolerance stance towards financial fraud, insider trading and market manipulation, warned Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC) at a national investor protection day event.
Diverging approaches to IFRS 9 loan provisioning raise APAC fragmentation fears
Although there are common themes among approaches, Asia-Pacific regulators have been pursuing their own measures for how banks should provision for bad loans under IFRS 9, raising fears of further fragmentation. By Victor Smart
EMIR REFIT has potential to trigger unintended consequences
Changes resulting from EMIR REFIT could create reporting challenges for some market participants even though they were designed to reduce burdens on certain firms
The return of geopolitics will cause global banks considerable headaches
Once the Covid-19 pandemic passes, geopolitics is likely to return with a vengeance as global rivalries intensify and the economic fallout will call into question the political stability of some countries, in turn creating considerable headaches for global banks operating across borders
China hits back at US bill that could delist Chinese companies
The US Senate has passed a bill that would force Chinese companies listed in the US to comply with national securities law. By Justin Pugsley.
FCA warns house-bound bankers about misconduct risk
The FCA has warned firms about the risks of financial misconduct, with bankers and brokers working out of the office on sensitive capital-raising deals
FFIEC reminds banks over best practices for cloud computing
Security breaches involving cloud computing highlight the importance of sound security controls and an understanding of shared responsibilities between cloud service providers and banks, the Federal Financial Institutions Examination Council (FFIEC) said in a statement.
DSB’s 2020 consultation focuses on functionality, data and governance
The Derivatives Service Bureau (DSB) released further information about this year’s consultation with questions around functionality, data enhancement and a proposal related to its dispute resolution process.
Most Viewed
- EMIR REFIT has potential to trigger unintended consequences
- The return of geopolitics will cause global banks considerable headaches
- Post-Covid-19 new normal could see banks having to rethink resilience measures
- MLRO’s have key role to play in protecting banks from money laundering risks
- Covid–19: exit strategies and their practical implications
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