There has been a lot of discussion about the pros and cons of mandating clearing for OTC derivatives (see coverage of recent industry comments 
As part of the wider overhaul of the Basel capital framework, the Committee of European Banking Supervisors (CEBS) has this month issued a consultation paper updating the common reporting (COREP) guidelines for capital requirements, which must be submitted to regulators as part of their risk management oversight. It is asking firms to provide feedback on its recommendations around the formats, frequencies and dates of these reports, including the potential of using XBRL formatting for this risk data.
Given that its predecessor was delayed by a decade, it comes as no surprise that Basel III is facing a few setbacks in terms of implementation (see our recent breakdown of some of the requirements 
The 22 respondents to the Securities Industry and Financial Markets Association’s recent survey (Sifma) believe that regardless of the exact structure of the systemic risk regulator, its roles and responsibilities for the overall markets should reflect those of a firm’s chief risk officer (CRO). The Sifma member firms, regulators, clearing counterparties (CCPs) and exchanges involved in the survey also said they feel that the data challenges involved in monitoring systemic risk could prove costly, might not require the building of a new infrastructure and should not be focused on too granular a level of data.
Firms need to keep a close eye on what is shaping up to be MiFID II, under the auspices of the Committee of European Securities Regulators’ (CESR) consultation on post-trade transparency (see our recent coverage 
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
This month’s UK Financial Services Authority (FSA) forum on preparation for liquidity reporting for independent software vendors (ISV) and firms under the new liquidity risk regime focused on the details of the XML submission process and upcoming schedules for Gabriel testing. Last month, the FSA confirmed that rather than accepting spreadsheets for all data as first planned, firms will need to prepare XML submissions for the required data (see our coverage here).
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