Sustainable Finance

ISDA Catalogues Universe of ESG-related Derivatives

13/01/2021

The derivatives markets can play an essential role in facilitating the transition to a sustainable economy, ISDA says in a new paper.

Cybersecurity

ORX Launches Central Hub to Facilitate Cyber Risk Management

12/01/2021

The central hub allows cyber and information security risk management professionals to collaborate, exchange ideas and learn from each other’s practices.

Market Data & Technology

DSB Launches Consultation on Fee Structure for UPI

12/01/2021

Market participants are invited to provide feedback on the assumptions and proposals that will underpin the fee model for the UPI.

Supervision & Enforcement

BSP Deploys New Supervisory Assessment Framework

12/01/2021

SAFr aims to facilitate forward-looking assessments of financial institutions and link their systemic importance and risk profile to the level of supervisory attention they receive.

Sustainable Finance

PBOC Outlines Work Programme, Policy Priorities for 2021

12/01/2021

The priorities include measures to promote green finance, expand the opening up of the financial system, deepen bond market reforms, and tackle financial system risk.

Anti-Bribery & Corruption

Australian Police Make Arrest as Part of Foreign Bribery Probe

12/01/2021

The arrest is part of an investigation by UK, US and Australian authorities into the payment of bribes to officials in Iraq and other countries to secure oil contracts.

Structural Regulation

SEBI Proposes to Ease Stock Exchange Ownership Norms

12/01/2021

Domestic promoters will be allowed to own 100% of a newly set-up stock exchange or depository for up to 10 years. Foreign promoters will be allowed to own up to 49%.

Operational Risk

RBI Directs Banks to Enhance Internal Audit Function

12/01/2021

Banks are encouraged to adopt the international standards for internal audit, such as those issued by the BCBS or the Institute of Internal Auditors.

Clearing & Post-Trade

CCPs Should Limit Procyclical Changes to Initial Margin: ISDA

11/01/2021

Procyclical changes to initial margin levels ended up draining liquidity from the market and contributing to market stress during the March/April market turmoil.