Banking Risk & Regulation Podcast

The move from the London interbank offered rate compelled by regulators due to manipulation scandals towards alternative risk free interest benchmarks has been protracted and painful for those involved.

Undoubtedly, much progress has been made with many sectors of the financial industry such as derivatives seemingly well prepared. But moving away from the financial sector towards corporates, preparations and transition arrangements have been slower and patchy, which has raised concern among central banks such as the US Federal Reserve Board and the Bank of England.

This podcast explores the issues corporates have been having with transitioning to alternative interest rate benchmarks, how they’re coping with repapering contracts, the various legacy issues and the construction of the replacement risk free rates and their impact on pricing corporate loans.

Tackling these topics are Subadra Rajappa, head of US rates strategy at Société Générale and Sarah Boyce, Associate Director, Policy and Technical at the Association of Corporate Treasurers.

Hosted on Acast. See acast.com/privacy for more information.

The European Securities and Markets Authority has a broad remit bringing it into contact with many areas of financial markets, at the wholesale and retail level.

In this episode of GRR’s regulatory podcast series, Verena Ross, chair of ESMA provides insights into the authority’s work around:

• ESG and curbing greenwashing
• Analysing and collecting markets data relating to regulations such as MiFID
• Challenges around implementing and future proofing DORA and MiCA
• The Benchmarks Regulation and its impact on third country benchmark providers
• Financial stability and the role of non-financial bank intermediation
• ESMA’s work with third country regulators and global standard setters
• The biggest challenges facing securities regulators over the next five years

Hosted on Acast. See acast.com/privacy for more information.

Regulators, central banks and governments have taken unprecedented measures to support the economy during population lockdowns around the world to stamp out the spread of the Covid-19 pandemic.

Prudential regulators have also acted quickly to ensure banks help support the economy. This has involved measures ranging from payment holidays on some loans, to delayed reporting through to pushing back some regulatory implementation deadlines and even temporary relaxations of some capital requirements.

But are these measures temporary or do they signal a new trend where individual jurisdictions diverge from the bits of the Basel framework they don’t like?

In this series, Michael McKee, a partner at global law firm DLA Piper and David Strachan, the head of EMEA Centre for Regulatory Strategy at global consultancy Deloitte, have shared some insights as to how these trends might play out.

Hosted on Acast. See acast.com/privacy for more information.

The potential introduction of central bank digital currencies (CBDCs) could potentially upend bank business models depending on their design and implementation. It’s a topic, which has implications well beyond monetary policy and the nature of money.

The rapid rise in the popularity of crypto currencies such as bitcoin, Facebook's plans around creating stablecoins backed by existing national currencies and the growing digitisation of financial services has prompted central banks to seriously investigate the viability of introducing CBDCs.

One central bank that has been very active in investigating this area through Project Helvetia, is the Swiss National Bank (SNB) along with its collaborators the Bank for International Settlements and the SIX Exchange.

To gain a better understanding of project Helvetia, the possible impact of CBDCs on capital markets, clearing, foreign exchange and governance we approached Martin Schlegel, an alternate member of the board at the Swiss National Bank for his insights.

Hosted on Acast. See acast.com/privacy for more information.

Central bank digital currencies (CBDCs) could usher in a revolution in the financial system creating openings for exciting new innovations. However, depending on their design, CBDCs could be disruptive, particularly for deposit taking banks.

The European Central Bank is currently studying designs for a potential digital euro. This has ignited a lively debate within policy making and banking circles.

In this podcast, Ulrich Bindseil, director general of market infrastructure and payments at the ECB, gives his take on some of the big issues surrounding a digital euro.

Topics covered include:

• Status of the ECB’s work
• Financial stability considerations
• Geopolitical role of the digital Euro
• Design considerations
• Privacy
• Legal tender questions
• Alternatives to a digital euro
• Programmability

Hosted on Acast. See acast.com/privacy for more information.