ISDA’s Post

ISDA has published a new report analyzing Bank for International Settlements statistics on the OTC #derivatives market in the second half of 2023. Click here to read the full report: https://lnkd.in/ggJB6kF5

#MiFID changes on the horizon reminding everyone the only constant in #regulatoryreporting is change! Our colleague Ron published a blog to highlight some of these changes which you may find of interest. #Cappitech #compliance #Mifir #RTS22 #transactionreporting

Read our latest blog where Ron F., discusses European Securities and Markets Authority (ESMA)’s consultation paper issued October 3rd, on MIFID regulation and the changes coming to the Transaction reporting part of MIFIR RTS 22. Industry feedback is due by January 3rd, 2025, with a Final Report expected in Q1 2025. Find out what the proposed updates include, such as new reporting fields, amendments, and the removal of specific fields. As well as an extended scope that will include additional products such as OTC FX and derivatives. Read now: https://hubs.ly/Q02Y2GKr0 #regreporting #regtech #transactionreporting #compliance #fintech #tradereporting #mifid #mifir #regulations #operations

HKMA OTC derivatives reporting regime for Hong Kong to mandate – 1) the use of Unique Transaction Identifier, 2) the use of Unique Product Identifier and 3) the reporting of Critical Data Elements Adopting the ISO 20022 XML message standard will be a critical step for the harmonisation work. The HKMA and the SFC propose to adopt the ISO 20022 XML message format (i) for OTC derivatives reporting to the HKTR and (ii) at the same time when we implement the UTI, UPI and CDE in a "big bang" approach on the implementation date. #banking #iso20022 #payments #derivatives #securities

Regulatory clampdown: Veracity Markets slapped with R10m fine for unauthorised OTC trading. An online trading portal has been slapped with a R10-million fine for conducting unauthorised. over-the-counter (OTC) derivative business in South Africa. Get further insights on the Extenuating circumstances in the full article: https://buff.ly/3VLJ5EN Kindly share, like, comment, and subscribe to stay informed! #FSCA #FinancialMarketsAct #FAISAct #derivatives #CFDs #NirveshFinancialServices #OTC #VeracityMarkets #moonstoneinfo #moonstoneupdate #moonstonecompliance #compliance #legislations

In line with the Group of 20’s commitment to reform over-the-counter (OTC) derivatives markets, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued a joint consultation paper on 22 March 2024 on the mandatory use of Unique Transaction Identifier and Unique Product Identifier, the reporting of Critical Data Elements and the adoption of the ISO 20022 standard. Having considered market feedback to the consultation, the two regulators published a joint consultation conclusions paper. The conclusions paper confirms that the UTI and UPI will become mandatory for reporting OTC derivatives transactions by 29 September 2025. It also addresses concerns about specific data fields and offers flexibility for reporting legacy trades, allowing re-reporting on a best-effort basis where retrieving historical data proves difficult. https://lnkd.in/giNKh32J https://lnkd.in/gw2wgzbC https://lnkd.in/gW3xdHYw #derivatives #iso20022 #payments #banking

Another first from India's DPI track, this just shows how strong our Digital Public Infra is. India is second to none and in fact we are the trailblazers in the Digital Infra space. 1. First Adhaar- (Digital identity: which supports the Fintech stack of the economy and has resulted in development of plethora of API infrastructure, most recent being Digiyatra) 2. Second DBT & Jandhan accounts 3. Third UPI- (The whole BBPS, NETC & Rupay stack) Any person traveling to a foreign country can agree to the point how efficient & Amazing UPI is. I have struggled due to this habit while travelling to EU, South East Asia or even USA. 4. Now same day settlement (which is made possible by combination of various factors) India is leading the world by its digital innovation & now others are replicating the same. While the world is still using paper (be it money, covid vaccine certificate, identity proof, etc) even our most smallest unorganized merchant is fully digital with full visibility of his/her transactions. Small step in the positive direction of becoming the 'Vishwa Guru'. #India #DPI #Indiastack #Fintech #Digitalrevolution #DigitalIndia

Regulatory clampdown: Veracity Markets slapped with R10m fine for unauthorised OTC trading. An online trading portal has been slapped with a R10-million fine for conducting unauthorised. over-the-counter (OTC) derivative business in South Africa. Get further insights on the Extenuating circumstances in the full article: https://buff.ly/3J5y1uI Kindly share, like, comment, and subscribe to stay informed! #FSCA #FinancialMarketsAct #FAISAct #derivatives #CFDs #NirveshFinancialServices #OTC #VeracityMarkets #moonstoneinfo #moonstoneupdate #moonstonecompliance #compliance #legislations

⚠️ AUS Global Customer Complaint AUS GLOBAL customer reports a sudden margin call despite a fully hedged position, resulting in an $180,000 loss. The customer alleges AUS GLOBAL engaged in malicious practices and unauthorized leverage adjustments, demanding full compensation.  Details: https://lnkd.in/gvHMwrR5 The issue has been reported to AUS GLOBAL for resolution but remains unresolved. FxGecko data shows 73 complaints against AUS GLOBAL, with 19 replies and 20 resolved. Investors should be aware of this broker's reputation, service quality, and associated risks. Before trading, use the FxGecko app to check brokers. File a complaint if you encounter issues. #fx #forex #trading #investing #broker #financial #markets #forextrading #investment #forexbroker #InvestmentRisks #TradingRisk

The Monetary Authority of Singapore(#MAS) has published its final version of OTC derivatives reporting regulations, containing the final set of reporting fields. The Rewrite goes live on October 21st this year. https://bit.ly/3VaGd3E #RegulatoryReporting #regulatorycompliance #actrightwithconfidence