The Depository Trust & Clearing Corporation (DTCC), a provider of market infrastructure for the global financial services industry, has released a white paper identifying key priorities where financial market infrastructures (FMIs) should focus in the coming years to proactively and effectively manage risk in a post-pandemic environment. FMIs around the globe performed remarkably well amid unprecedented market volatility and record trade volumes in the wake of the coronavirus outbreak. However, the pandemic’s impact will likely cause structural changes to the financial services industry, as well as the regulatory landscape and legislative agendas.
A-Team Insight Briefs
DTCC Releases White Paper on Managing Post-Covid Risk
Financial institutions’ operational resilience – essentially the ability to prevent, adapt and respond to, and recover and learn from operational disruptions – has come under extreme pressure during the coronavirus pandemic, with last year’s March lockdown creating unprecedented circumstances for financial firms. Employees working from home raised the stakes, as they still do, adding to...
Things might be up in the air at the moment around Brexit negotiations, but the UK financial regulators have made it very clear that firms must be ready for the final deadline on December 31, 2020 or risk facing the consequences. Firms that don’t prepare in advance for the changing regulatory environment could face tough...
RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.
The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...