Newsroom Treasury and Finance Info 1

Content Posted by Newsroom Treasury and Finance Info 1

ISDA believes accounting boards' proposal to report derivatives on a gross basis rather than a net basis on the balance sheet can obscure the real position of the entity

The International Swaps and Derivatives Association, Inc. (ISDA) welcomes the efforts of the International Accounting Standards Board and the Financial Accounting Standards Board to seek convergence on their current US GAAP and IFRS models regarding ...

Waiver of mandatory clearing requirements for certain OTC derivatives would reduce risk

The waiver of mandatory clearing requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act for certain OTC derivatives transactions would reduce risk in the financial system and help to achieve the risk-reduction goals of the Act,...

Five largest US-based dealers hold 37 percent of total notional amount outstanding of interest rate, credit, and equity derivatives

At its 2010 Regional Conference in Hong Kong , the International Swaps and Derivatives Association, Inc. (ISDA)  on October 25, 2010 provided new statistics regarding the concentration of OTC derivatives activity among major market participants....

SWIFT to reduce message prices by an average 20 percent

SWIFT, the provider of global financial messaging services, announced on September 16 th, 2010 that it is reducing the price of messages on its core FIN service by an average of 20 percent. This will represent an estimated saving of EUR 70 ...

New FSB-BCBS assessment: Stronger capital and liquidity standards are likely to have a modest impact on aggregate output.

The Financial Stability Board (FSB) and Basel Committee on Banking Supervision (BCBS)  published  on August 18, 2010 reports prepared as inputs to the calibration of the new bank capital and liquidity standards and to inform the transition ...

EU US Swift agreement enters into force on 1 August 2010

The Agreement between the European Union and the United States of America on the processing and transfer of Financial Messaging Data from the European Union to the United States for purposes of the Terrorist Finance Tracking Program enters into force...

European Parliament gives green light for new SWIFT agreement

The new version of the SWIFT anti-terrorist agreement on bank data transfers to the USA was approved by the European Parliament on July 8 th, 2010. MEPs rejected the agreement in its previous form four months ago but since then have negotiated certai...

US Companies may face US $1 trillion in additional capital and liquidity requirements as a result of Financial Regulatory Reform

 A change in the wording of the financial reform bill now being finalized in the US Congress could cost US companies as much as $1 trillion in capital and liquidity requirements, according to research by the International Swaps and Derivatives A...

British banks: G-20 agreement will contribute to stable recovery

The G-20 decision to link increases in bank capital to economic growth strikes the right balance between reform and recovery, the British Bankers' Association said today. The statement issued by world leaders after their Toronto meeting recognises th...

G-20: New capital standards will be phased in over a timeframe that is consistent with sustained recovery and limits market disruption

The G-20 summit in Toronto took stock of the progress of the Basel Committee on Banking Supervision (BCBS) towards a new global regime for bank capital and liquidity and welcomes and supports its work. Substantial progress has been made on reforms th...