Financial Stability Board (FSB)
What firms should know ahead of the DSB’s UPI launch
Six jurisdictions have set deadlines for firms to implement the derivatives identifier, with more expected to follow.
Derivatives Service Bureau allows alternative identifiers for OTC derivatives UPI
The numbering agency has partnered with SmartStream and ICE to cross-reference and map the underlying asset’s identifier to the relevant Isin.
Cyber incident reporting: convergence is key
FSB working group chair advocates common reporting framework and taxonomy
Esma: Both OTC identifiers will not be required in Emir reporting
Market participants will not have to use both the UPI and the Isin in their submissions to trade repositories, policy officer says.
This Week: Jyske Capital/SimCorp; Vestrata; NICE Actimize/FACEPOINT; Anna/Gleif; SS&C, ING, and more
A summary of some of the past week's financial technology news.
Numbering Agency Calls for Experts
The Derivatives Service Bureau is looking for new members on its technical advisory committee, after its designation as the UPI service provider.
The Need for a Designated Crypto Asset Regulator
Senior academic says a new taxonomy—and a new regulator—is needed to determine whether crypto assets should fall under existing financial frameworks.
LEI on the Edge: What Needs to Happen for Wider Adoption?
The financial industry is losing faith in the LEI initiative as regulatory mandates remain patchy, but some see hope in SFTR’s unique-issuer LEI. By Mariella Reason
Isda Seeks Vendor to Publish IBOR Fallback Rate Adjustment Data
The vendor will be responsible for publishing the compound setting in arrears rate and the spread adjustment based on historical data, following the discontinuation of IBORs.
FESE Requests Clarification on LEI Application
In feedback to the Financial Stability Board, FESE points out inconsistencies regarding the application of LEIs and asks regulators for clarity.
Illuminated Data: SFTR May Reach Too Far
While waiting for the regulators’ final word on SFTR’s technical specifications, SFT market participants and counterparties are planning their compliance strategies amid concern that the regulation goes too far in its goal to bring shadow banking into…
Artificial Intelligence: From Winter to Spring
AI is experiencing a renaissance, but some are concerned that it could carry hidden risks.
Waters Wavelength Podcast Episode 94: The CME's Bitcoin Play & FSB Worries About AI
CME plans to launch futures on bitcoin in Q4 2017, while the FSB looks at AI as a threat.
FSB Warns Artificial Intelligence Could Present Systemic Risks
Emerging technology could fall outside the regulatory perimeter, and could be impossible for outsiders to fully comprehend.
Robot Cops and the World of Tomorrow
Technology is creeping into buy-side compliance processes, but to what degree?
FSB: No Systemic Risk from Fintech Now but Counsels Future Vigilance
International regulators say it's too soon for fintech such as blockchain or robo-advisors to pose a threat to financial stability, but warns that caution is still necessary.
Furthering the Global Legal Entity Identifier System
What still needs to be done to ensure continued increases in registrations?
South Africa Designates LEI Issuer
Strate depository endorsed to issue identifiers
FSB Names Tombini to Chair Budget Committee
Brazilian bank official with roles at FSB and BIS takes on new post
Users Fear New Fees from FSB IBOR Reform
Data consumers concerned that rates reforms may create new feeds with accompanying fees.
DTCC Plans Swaps Data Alignment Effort
Action will yield analysis to be provided to IOSCO's CPMI efficiency unit
Carney Reappointed FSB Chairman
FSB's Carney Begins Second Term
FSB Unveils FX Benchmark Recommendations
The Financial Stability Board (FSB) has released its final report into foreign-exchange (FX) benchmarks, where it lists a number of recommendations related to the calculation of the "fix" and trading conduct.
Chinese LEI Registrar Launches
LEI China, established by the China Financial Standardization Technical Committee certified by the LEI ROC authority last year, has started operating