Opportunities and Risks from New Technology

Global investment banks are embracing opportunities to enhance the current operating environment, enabling firms to build out systems to meet global regulatory requirements, evolving client expectations and serving clients in jurisdictions they want to do business.

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.

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Correspondence

GFMA and IIF Discussion Draft Principles Supporting the Strengthening of Operational Resilience Maturity in Financial Services

October 2019  |  Correspondence  |  White Papers and Reports

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.

GFMA and PwC Report on Technology and Innovation in Global Capital Markets

March 2019  |  Correspondence  |  White Papers and Reports

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 Financial Data Handling Principles for Banks and Non-Banks

February 2019  |  Correspondence  |  White Papers and Reports

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).

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Resources

GFMA IBOR Transition Documents - March 2021 Update

March 2021  |  Policy Resource  |  Benchmarks Reform and Transition to Risk-Free Rates

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.

GFMA and BCG Report on Climate Finance Markets and the Real Economy

December 2020  |  Policy Resource  |  Sustainable Finance

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.

GFMA IBOR Transition Documents – June 2020 Update

June 2020  |  Policy Resource  |  Benchmarks Reform and Transition to Risk-Free Rates

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 webpage tracks key US updates and resources regarding BCP and COVID-19

March 2020  |  Policy Resource  |  COVID-19

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.

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News

GFMA and PwC Identify Global Technology and Innovation Trends and Challenges for Investment Banks

20 March 2019   |   News  |  Capital Markets Innovation

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.

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