Based on the results, the 2006 ISDA Definitions will be adjusted to incorporate fallbacks for new IBOR trades, and a protocol for including fallbacks in legacy IBOR contracts will be published.
Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.
Banks need to act now to minimise future climate-related costs and the impact on their creditworthiness, says a new report from S&P Global Ratings.
The London Stock Exchange Group sees no merit in further engagement because of fundamental flaws in HKEX’s offer.
SGX is exploring how new technologies can further add value for customers and improve operations, while its regulatory arm seeks a stronger presence and oversight.
HKEX chief Charles Li says the merger would create the most important investment platform and risk management infrastructure for the free flow of global capital between the East and West.
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
The updated Liquidity Facilities Framework is part of ongoing work to maintain the integrity and stability of Hong Kong’s monetary and financial systems, said HKMA chief Norman Chan.
The move will further facilitate the participation of foreign institutional investors in the interbank bond market, who need the extra time to fund their trades.