Trading & Investment

ARRC Publishes Spread-Adjusted Fallback Recommendations

12/10/2021

The document provides a reference point for market participants to understand the ARRC’s current recommendations in relation to its fallback language.

Emerging Prudential Risks

FSB Reports Progress on NBFI Risks, Cross-border Payments

12/10/2021

A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.

Trading & Investment

IBA Publishes ‘Beta’ Rates for SOFR Interest Rate Swaps

11/10/2021

The new rates will assist the non-linear market in its transition to SOFR, IBA said. Currently they are being published solely for information and illustration purposes.

Climate Risk

Treasury, Other US Agencies Release Climate Action Plans

11/10/2021

The plan outline the steps the agencies will take to ensure their facilities and operations adapt to and are increasingly resilient to climate change impacts.

Trading & Investment

HKFE Obtains CFTC Certification for A-share Futures

11/10/2021

The new contract will commence trading next week. The certification means it can be offered and sold to persons in the US.

Structural Regulation

New Zealand FMA Censures Derivatives Issuer FIRMA NZ

11/10/2021

Firma NZ failed to conduct product suitability tests for clients and to regularly provide statements to investors. The contraventions were “persistent and systemic”.

Conduct, Culture & Accountability

Australia: Industry Bodies Call for Expansion of CSLR

11/10/2021

15 organisations call for the compensation scheme of last resort to include product providers, managed investment schemes and the funeral expenses industry.

Credit Risk

BSP Raises Loan Limits to Bolster Project Finance

11/10/2021

The single borrower limit was increased to mobilise funding toward projects that support the Philippines’ economic recovery efforts and nation building.

Fraud, Scams & Cybercrime

S. Korea: Founder of Singapore Fintech Jailed for Fraud

11/10/2021

A South Korean court has sentenced the founder of a fintech investment firm Marvelstone Group to ten years of jail time on fraud charges.