In order to take advantage of the opportunities in this developing environment, banks are prioritizing investment in technology and innovation. We look forward to working with policymakers and regulators, who have a key role to play here by promoting innovation and supporting the adoption of new technologies, whilst ensuring that future regulatory frameworks maintain a level playing field and promote integrity of capital markets and financial stability.
GFMA submitted comments on the FSB's consultation on Outsourcing and Third-Party Relationships.
GFMA submits response to the IOSCO Consultation Report on the Use of Artificial Intelligence and Machine Learning by Market Intermediaries and Asset Managers.
GFMA submits response to IOSCO's Consultation on Principles on Outsourcing
GFMA submitted a response to the FSB consultation paper on “Addressing the regulatory, supervisory and oversight challenges raised by 'global stablecoin' arrangements.”
GFMA submitted a response to the BCBS discussion paper on “Designing a Prudential Treatment for Crypto-Assets.”
The Global Financial Markets Association (GFMA) and the Institute of International Finance (IIF) have released together “Discussion Draft Principles Supporting the Strengthening of Operational Resilience Maturity in Financial Services.” These principles support the financial industry’s efforts to continuously improve and strengthen the level of operational resilience for the firms, the customers, markets, the sector, and the broader economies they support nationally and across the globe.
The Global Financial Markets Association (GFMA) and PwC have published a report on current trends in technology and innovation and their impact on the investment bank of the future. The report, entitled ‘Technology and Innovation in Global Capital Markets,’ examines the key trends which are expected to impact the industry over the next five years, providing a vision for the future and identifying the implications for the industry and for future policymaking.
GFMA has released its Financial Data Handling Principles for Banks and Non-Banks as a voluntary set of principles drawn from international best practices. The principles are based on both the U.S. NIST Cybersecurity Framework and the European Union’s General Data Protection Regulation (GDPR).
GFMA response to the Global Financial Innovation Network consultation document on a “Global Financial Innovation Network”
GFMA response to the Financial Stability Board consultation document on a “Cyber Lexicon.”
GFMA and BCG publish Global Principles for Developing Climate Finance Taxonomies.
To aid in the awareness of the IBOR transition process impacting globally-active financial market participants, the Global Financial Markets Association (GFMA) has developed the following document outlining the various parts and players. This version of the document has been updated from its previous June 2020 version to provide the latest information regarding transition objectives for major currencies, including the Australian dollar, Canadian dollar, Euro, Hong Kong dollar, Japanese yen, Singapore dollar, Swiss franc, UK pound sterling, and U.S. dollar.
The Global Financial Markets Association (GFMA) and Boston Consulting Group (BCG) published a global report outlining the market-wide and sector-specific recommendations necessary to accelerate investment in climate finance.
To aid in the awareness of the IBOR transition processes impacting globally-active financial institutions, the Global Financial Markets Association (GFMA) has created the following documents outlining the various parts and players. This version of the documents has been updated from its previous September 2019 version to provide the latest information regarding rates for major currencies including the Australian dollar, Canadian dollar, Euro, Hong Kong dollar, Japanese yen, Singapore dollar, Swiss franc, UK pound sterling and U.S. dollar.
SIFMA’s Business Continuity Planning team continues to closely monitor the novel coronavirus (COVID-19) and its impact on our industry and the markets. The SIFMA BCP and COVID-19 page provides guidance and resources for the industry to maintain operational resiliency, including instructions for financial services sector essential critical infrastructure workers.
Washington, D.C., 20 March 2019 - The Global Financial Markets Association (GFMA) and PwC have today published a new report on current trends in technology and innovation and their impact on the investment bank of the future. The report, entitled ‘Technology and Innovation in Global Capital Markets,’ examines the key trends which are expected to impact the industry over the next five years, providing a vision for the future and identifying the implications for the industry and for future policy making.
EBF, GFMA and ISDA Agree Common Principles to Promote Effective Global Policy on Cybersecurity, Data and Technology
