ISDA chief Scott O’Malia says market participants need clarity from the IASB and FASB on the accounting implications of a switch from IBORs to RFRs.
SEBI wants to institute a process that incentivises timely reporting of instances of insider trading and provides for the granting of rewards to whistleblowers.
The PBOC introduced the credit risk mitigation tool last year to support bond issuances by private firms. Bank of Jinzhou will be the first to issue interbank CDs under the initiative.
Governor Shaktikanta Das says the RBI will increase its monitoring of NBFCs and issue final liquidity risk management rules for the sector "soon".
SME lending growth has resumed in recent years, and access to external finance for SMEs appears to have improved, particularly in advanced economies.
The Korea Securities Depository and nine brokerages are facing penalties for inadequate internal controls over their offshore equities trading
Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.
Adding to the European Commission's $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.
The new trading platform is expected to improve pricing by unifying the existing fragmented market structure.
Banks can increase the proportion of government securities they hold to meet prudential liquidity requirements.