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Ashurst Partner Bradley Rice addressed some of the key practical challenges of DORA at Global Relay’s gathering of compliance professionals.
BIS says strong supervisory scrutiny and implementation of reforms needed to enhance system resilience.
Basel Committee is consulting on guidelines to resolve long-standing industry weaknesses.
The proposed changes are to address behavior by some banks around “window dressing” reporting and disclosure of G-SIB scores.
Senator Warren says she wants to collaborate with crypto industry if it follows the rules, while Commissioner Peirce says SEC needs to understand its role.
Policymakers are concerned about the huge leverage that hedge funds are employing as part of the so-called basis trade.
The report highlights the need for CCPs to have adequate resources in place to address potential losses arising from non-default events.
Survey found that most central banks are exploring CBDCs and more than half are conducting concrete experiments or working on a pilot.