Market Infrastructure

DSB Seeks Provider of OTC Derivatives Reference Data for UPI

29/03/2021

Underlier identifiers representing the instrument, index, or reference rate for an OTC derivative are attributes used to define a UPI.

Market Infrastructure

ARRC Publishes Guidance on Swap Rate, Business Loans, ABS

29/03/2021

The ARRC has published a formula to calculate fallbacks from the USD LIBOR ICE Swap Rate, simplified fallback language for business loans, and a model for using SOFR in ABS products.

Market Infrastructure

BNM Shariah Advisory Council Rules RFRs Permissible

29/03/2021

The ruling was made based on the justification that the compounding methodology is “merely an arithmetic method” and does not affect compliance with Shariah requirements.

Enforcement

SG Police to Lay 23 More Charges Against Hin Leong Founder

29/03/2021

The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.

Securities / Derivatives

HK to Consult on SPAC Listing Framework in June – Report

29/03/2021

The rules are expected to include conditions for sponsors or SPACs. Acquisition targets will have to meet the existing standards for IPOs.

Capital / Liquidity

SEBI Requires Intermediaries to Seek Approval for Change in Control

29/03/2021

Under the new guidelines, transfer of shareholding among immediate relatives shall not result into change in control for unlisted body […]

ESG / Sustainability

Central Banks Should Embrace Innovation: Jacqueline Loh

29/03/2021

MAS’ Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.

APRA Releases Taxonomy for New Superannuation Data Submissions

28/03/2021

APRA has released the draft data dictionary, validations, reporting taxonomy and XML Schema Definition for new data submissions due to start in September.

Capital / Liquidity

Federal Reserve to Lift Dividend Restrictions from 30 June

28/03/2021

If a bank remains above all of its minimum risk-based capital requirements in this year’s stress test, the restrictions will end after 30 June.