Asset manager and asset owner reporting to clients and beneficiaries may not be sufficient, says new report from the TCFD.
The amendments are aimed at improving the assessment of banks' complexity in the D-SIB identification process, and reducing the weight of the size factor, among other changes.
The one-year extension over what was proposed in June reflects a need for more post-trade processing capacity, highlighted by March's extreme increases in trading volumes.
One of the main concerns for Chinese banks is that a loss of access to dollar finance could hamper their ability to lend to corporate customers that rely on USD financing.
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