Lawmaker plans 3 bills on blockchain development | Central banks unprepared for next downturn, BIS warns | US bank could re-enter Chinese interest-rate swaps market
September 24, 2018
ISDA dailyLead
Daily coverage for the global derivatives industry
SIGN UP ⋅   FORWARD
Top Stories
Lawmaker plans 3 bills on blockchain development
Rep. Tom Emmer, R-Minn., co-chairman of the Congressional Blockchain Caucus, says he will introduce three bills that call on the US to "prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth." The bills urge regulatory clarity and government support for the blockchain industry.
Bitcoin Magazine (9/22),  CoinDesk (UK) (9/23) 
LinkedIn Twitter Facebook Google+ Email
Central banks unprepared for next downturn, BIS warns
Central bankers will be unable to head off another crisis in financial markets because they have exhausted the twin policy responses of quantitative easing and interest-rate reduction, says Claudio Borio, head of the Monetary and Economic Department at the Bank for International Settlements. Fallout is inevitable from turmoil in emerging markets, Borio says, and public anger about globalization has made a response difficult.
Bloomberg (tiered subscription model) (9/24) 
LinkedIn Twitter Facebook Google+ Email
On-Demand Webinar | Preparing for Initial Margin
Thousands of firms are set to come in-scope for initial margin (IM) by 2019/20. The rules are complex and firms are urged to take note of the advice from phase 1 & 2 firms and begin preparing now. Join collateral and valuation experts as they discuss the challenges of IM and how to overcome them with TriOptima's seamless solution. Watch webinar now.
ADVERTISEMENT
Industry News and Trends
US bank could re-enter Chinese interest-rate swaps market
The Commodity Futures Trading Commission's three-year exemption from registration as a derivatives clearing organization given to Shanghai Clearing House could prompt Bank of America Merrill Lynch to reappear in the Chinese market for interest-rate swaps.
Risk (subscription required) (9/23) 
LinkedIn Twitter Facebook Google+ Email
Why Bosses Cut Some Employees Slack for Bad Behavior
The same transgression can lead to different consequences for different employees. Learn more about why this happens and the ethical implications for both managers and employees from this research by the Kellogg School of Management at Northwestern University.
ADVERTISEMENT
Regulatory Roundup
London-Japan swaps basis drops after Giancarlo speech
The drop in the basis between yen interest-rate swaps cleared at LCH and Japan Securities Clearing from 7.63 basis points to 4.13 basis points is being attributed to a Sept. 4 speech by US Commodity Futures Trading Commission Chairman J. Christopher Giancarlo. Giancarlo suggested US clients will be able to clear swaps at non-US central counterparties that have "comparable, comprehensive supervision and regulation."
Risk (subscription required) (9/23) 
LinkedIn Twitter Facebook Google+ Email
BIS wants settled-to-market derivatives accounted for
The Bank for International Settlements says banks' increasing practice of recording variation margin for cleared derivatives as settlement payments, rather than as transfer of collateral, leaves some liquidity risks unaccounted for. BIS says these settled-to-market derivatives "should be included in the calculation of the 20% of derivative liabilities."
Futures & Options World (subscription required) (9/21) 
LinkedIn Twitter Facebook Google+ Email
Australia extends deadline for foreign financial-services license
Foreign financial-services providers seeking a license to continue offering services in Australia have been given an extended deadline of Sept. 30, 2019, to apply with the Australian Securities & Investments Commission. Firms must be from countries where regulations are deemed "sufficiently equivalent to the Australian financial services licensing regime," ASIC says.
Finance Magnates (9/21) 
LinkedIn Twitter Facebook Google+ Email
.
Fixed Income Leaders Summit
Sponsored content from Worldwide Business Research Limited
Fixed Income Leaders Summit 2018
The Fixed Income Leaders Summit continues to position itself as the leading voice in the fixed income industry. 2018 is set to be the largest and most senior gathering of fixed income leaders from across Europe with the biggest buy side attendance yet. You can expect 1000+ attendees including 350+ buy side and 150+ speakers! View the agenda and book now! Use 15% discount code: DISCOUNT15
    Click here to learn more about Featured Content

    ISDA News and Events
    2018 ISDA Regional Conferences -- Sept. 26 in London | Oct. 4 in New York | Oct. 23 in Sydney | Oct. 26 in Tokyo
    2018 ISDA Regional Conferences -- Sept. 26 in London | Oct. 4 in New York | Oct. 23 in Sydney | Oct. 26 in Tokyo
    Featuring remarks from:
    • Tilman Lüder, European Commission (London) 
    • Rt. Hon. Nicky Morgan MP, House of Commons (London) 
    • Karel Lannoo, Centre for European Policy Studies (CEPS) (London) 
    • Hester M. Peirce, US Securities and Exchange Commission (New York) 
    • Christopher L. Culp, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise (New York) 
    • Cathie Armour, Australian Securities and Investments Commission (Sydney) 
    • Sean Carmody, Australian Prudential Regulation Authority (Sydney) 
    • Rostin Behnam, US Commodity Futures Trading Commission (Tokyo) 
    Sponsorship and exhibition are available at all events.
    LinkedIn Twitter Facebook Google+ Email
     
    ISDA Technology Forum -- November 8 -- New York -- Early & Group Registration Discounts Available
    ISDA Technology Forum -- November 8 -- New York -- Early & Group Registration Discounts Available
    2018 Topics Include: ISDA CDM, Artificial Intelligence, Smart Contracts & Cryptocurrencies. Sponsorship and Exhibition available
    LinkedIn Twitter Facebook Google+ Email
     
    Learn more about ISDA®:
    Home | Conferences | Latest News | Bookstore
    Join ISDA | Determinations Committee
      
      
    If you don't have a consensus that it's nonsense, you don't have a breakthrough.
    Burt Rutan,
    aerospace engineer
    LinkedIn Twitter Facebook Google+ Email
      
      
    ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc.
    Sign Up
    SmartBrief offers 200+ newsletters
    Advertise
    Learn more about the SmartBrief audience
    Subscriber Tools:
    Contact Us:
    Advertising  -  Abiy Bekele
    P: 919.931.5915
    Editor  -  Sean McMahon
    Mailing Address:
    SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
    © 1999-2018 SmartBrief, Inc.®
    Privacy Policy (updated May 25, 2018) |  Legal Information