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COVID-19: Regulator Round-up (5 May)

In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to…

FCA Warns Firms on LIBOR Transition

The FCA has doubled down on its plans to phase out LIBOR by the end of 2021, warning in a 29 April statement that “it remains the central assumption that firms cannot rely on LIBOR being published after the end of 2021.” Although the regulator recognises the challenges presented by the current operating environment under…

LIBOR Transition and COVID-19: Could a Delay be on the Cards?

By Navin Rauniar, Partner in charge of LIBOR Transition, TCS. Back in March, RegTech Insight explored the relation of FRTB and the LIBOR Transition. There is a strong relationship between both initiatives, and we now find COVID-19 adding further complexity to this relation, especially between the recent delays to the regulatory landscape and the impact…

COVID-19: Regulator Round-up (28 April)

In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to…

Industry Associations Warn that COVID-19 Could Cause Problems for SRD II

The International Securities Lending Association (ISLA) has joined forces with a multitude of other industry associations to urge a 12-month delay in the implementation of the regulation, laid out in an open letter to the European Commission. Currently scheduled to come into force on 3 September 2020, the regulation is an amendment to SRD I…

FCA Business Priorities Could Be Derailed By COVID-19

The UK’s Financial Conduct Authority has laid out its business priorities for the year ahead, but warns that it will focus on the challenges presented by the coronavirus epidemic, which could lead to a shift in priorities as the year progresses. The FCA identifies four primary objectives for the coming year: including enabling effective consumer…

ESMA and MAS Sign MOU on Singapore’s Financial Benchmarks

ESMA, the EU’s securities markets regulator, has signed an agreement with the Monetary Authority of Singapore (MAS) completing the process to allow the use of Singapore’s financial benchmarks in the EU. Under the MOU, ESMA and MAS will share information and supervisory activities on Singapore-regulated financial benchmarks. The signing of the MOU follows the European…

COVID-19: Regulator Round-up (20 April)

In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to…

COVID-19: Regulator Round-up (14 April)

In these days of unprecedented economic pressure and accompanying financial volatility, regulators around the world are realigning their priorities and rapidly shifting their strategies to support institutions through the ongoing crisis. In this regular weekly feature, we keep you up to date on the latest regulatory news, responses and approaches – from deadline delays to…

Wolters Kluwer and Vizor Software’s Singapore Partnership Aligns Regulator and Financial Services Software for Improved Regulatory Reporting

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business and Vizor Software have teamed up to work on a partnership for the Singapore market that will integrate the Vizor Reporting API into Wolters Kluwer’s OneSumX platform for regulatory reporting, allowing it to automatically consume published machine-readable regulatory rules and data models directly from Singapore’s regulatory system. Vizor Software…