If there is one aspect about cryptocurrencies that irritates regulators and government officials more than any other, it is the anonymity afforded the criminal element of our society by the nature of blockchain distributed ledger systems. At its next meeting on June 8 and 9 in Fukuoka, Japan, the G20 central bank governors and finance…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: Over the weekend, the G20 leaders’ high-level talks between China and the United States have initially improved relations, eased trade tensions between China and the United States, and temporarily improved the investment climate. The US Dow futures rose well…
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The cryptocurrency world was again taken "aback" by the rumours on what might the G20 ministers come up with about the future of Bitcoin and other altcoins. The G20 ministers are essentially the government heads of the 20 most powerful world economies who met in Argentina for the G20 Summit this month. The major topic,…
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The Financial Stability Board (FSB) today published a letter from Mark Carney, Chair of the FSB, sent to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Baden-Baden from 17-18 March. In his letter, the FSB Chair highlights the good progress made in implementing the post-crisis reforms, as a result of which…
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The Financial Stability Board (FSB) published a consultation document on Proposed governance arrangements for the unique transaction identifier (UTI). The consultation sets out proposals for the governance arrangements for a global UTI, as a key harmonised identifier designed to facilitate effective aggregation of transaction reports about over-the-counter (OTC) derivatives markets. G20 Leaders agreed at the…
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It's been few months since the Hong Kong Exchanges and Clearing Limited (HKEX) has rolled out its Volatility Control Mechanism (VCM) for its securities market. Time has come for the exchange to do the same for its derivatives market on Monday, 14 November 2016. The VCM is a measure designed to protect market integrity by preventing extreme…
Read moreThe Growth and Emerging Markets (GEM) Committee of the International Organization of Securities Commissions (IOSCO) has published a report that seeks to strengthen corporate governance frameworks. The Report on Corporate Governance in Emerging Markets identifies possible measures and regulatory approaches aimed at strengthening corporate governance in emerging market jurisdictions and aligning regulatory frameworks with internationally recognized…
Read moreThe Canadian Securities Administrators (CSA) has published for comment CSA Consultation Paper 95-401 Margin and Collateral Requirements for Non-Centrally Cleared Derivatives. The Consultation Paper proposes a framework for the calculation and exchange of margin and collateral relating to non-centrally cleared derivatives. Louis Morisset, Chair of the CSA and President and Chief Executive Officer of the…
Read moreOTC derivatives markets in Australia, Brazil, the European Union, Hong Kong, Japan, Ontario, Quebec, Singapore, Switzerland, and the United States work closely to resolve cross-border implementation issues as quest for global regulation standard for electronic trading hots up
Read moreExpressing concern over perceived lethargy from the G20's Financial Stability Board, SEC Chair Mary Jo White demands action taken to remove barriers to OTC derivatives trade reporting in the quest for global standardization of regulation
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