Industry preparations for the transition to T+1 settlement for US securities transactions have been underway for more than two years, but nonetheless there are concerns that the SEC’s chosen May 2024 implementation deadline will prove difficult to hit.
Global
Regulators consider voluntary carbon market involvement
Regulators are considering the extent to which they should be intervening to ensure voluntary carbon markets are functioning effectively. Is the industry best placed to police itself or is formal action needed by supervisors?
Basel III capital ratios for largest global banks fall to pre-pandemic levels
Ratios fell from their H2 2021 record highs to pre-pandemic levels in the latest Basel Committee on Banking Supervision Basel III Monitoring Report
WhatsApp fines: is the regulatory net widening?
US broker-dealers were under the spotlight last year for electronic communications record-keeping failures, but they are not the only firms facing regulatory probes.
Standard setters explore two approaches to building global payment system
Global standard setters have outlined two approaches to creating a cross-jurisdictional multilateral platform that could make international payments faster and more efficient.
Crypto's advance already threatening some developing countries
Emerging market countries face growing financial threats to their banking systems and monetary sovereignty from the crypto-isation of their economies.
FSB urges authorities to firm up CCP 'living wills'
The Financial Stability Board is close to finalising a new consultation on financial resources for recovery and resolution at clearing houses, after warning authorities to speed up resolution plans for these growing behemoths. By Farah Khalique
Rush to phase out fossil fuels could trigger financial instability
Policy-makers are making a concerted effort to steer the financial sector away from supporting fossil fuel producers, creating opportunities for new lenders but some worry about the impact on the global economy.
Crypto must get to grips with its high-risk culture
Following a year of price drops, job losses and bankruptcies, many in the crypto industry were hoping for a calm end to 2022. But then came the spectacular FTX fallout and a flurry of criminal fraud charges against its former chief executive, Sam Bankman-Fried, making corporate culture a hot topic once again.
FSB wants to strengthen liquidity management tools for open-ended funds
There has been no measurable reduction in the degree of structural liquidity mismatches in open-ended funds (OEFs) in the past five years, despite a meaningful implementation of new liquidity measures, the Financial Stability Board (FSB) said.
@RiskRegulator
