Clearing & Post-Trade

ISDA Publishes Documentation to Align Derivatives, SFT Markets

28/02/2022

The new definitional booklet and related set of provisions will enable allow firms to document derivatives and securities financing transactions under a single ISDA Master Agreement.

Market Abuse

US SEC Proposes New Rule to Increase Short Selling Transparency

28/02/2022

Institutional investment managers will have to report information relating to short positions to the SEC on a monthly basis. The data will be aggregated and made available to the public.

Cryptocurrency

JPX Acquires Stake in Mitsui-Backed Crypto Exchange

28/02/2022

JPX says the investment will help it strengthen its relationship with the issuer of ZipangCoin, a new digital currency pegged to the price of gold.

Anti-Money Laundering

BitMEX Founders Agree Settlement for US AML Violations

28/02/2022

Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.

Sustainable Finance

BIS Launches Green Bond Fund Dedicated to APAC Region

28/02/2022

This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.

Liquidity Risk

RBA to Adjust Liquidity-Providing Market Operations

27/02/2022

The RBA will adjust the way it sets interest rates for repo transactions with banks and shorten the maximum tenor to four weeks.

Credit Risk

Bangladesh Bank Relaxes Credit Risk Rating System

27/02/2022

The relaxation will allow for easier issuance of loans and credit, thereby helping to accelerate business activities across the country, Bangladesh Bank said.

Operational Risk

BSP Issues Revised Outsourcing Rules for Banks

27/02/2022

Banks need BSP approval to enter into material outsourcing arrangements. They must also conduct periodic assessments to ensure outsourcing risks are properly managed.

Supervision & Enforcement

APRA Super Fund Performance Test Results in Mergers, Exits

27/02/2022

13 super funds failed APRA’s inaugural MySuper Product Performance Test last August. The worst performer, Maritime Super, is in talks to merge with industry fund Hostplus.