Market Infrastructure

ASIC Data System Illegally Accessed by Malicious Attacker

25/01/2021

The affected server was being used to share documents associated with recent credit licence applications, though no forms or attachments are believed to have been accessed.

Big Picture

Regulatory Intervention Needed for JPY LIBOR Transition – Fitch

25/01/2021

Japan’s decision to keep TIBOR may slow the adoption of TONA, lengthening the time needed to generate liquidity in TONA derivatives and establish forward-looking TONA rates.

Capital / Liquidity

RBI Proposes New Regulatory Approach to Contain NBFC Risks

25/01/2021

About 25 to 30 NBFCs considered systemically significant will have to maintain a 9% CET1 ratio and be subject to a range of other bank-like regulatory requirements.

Market Infrastructure

ISDA IBOR Fallbacks Supplement, Protocol Come Into Effect

25/01/2021

More than 12,000 entities across nearly 80 jurisdictions have so far adhered to the protocol, which will remain open for adherence.

Market Infrastructure

CPMI Calls for Global Input on Cross-border Payments Agenda

25/01/2021

Authors should submit research papers by 27 January 2021. Industry expert responses to questions should be submitted by 8 February 2021.

ESG / Sustainability

SGX Launches ESG Futures as Part of Sustainability Agenda

25/01/2021

The launch is part of the SGX FIRST initiative, a multi-pronged expansion of the exchange’s sustainability capabilities announced in December.

Crypto / Digital Assets

Tokyo Police Arrest 31 Individuals Over 2018 Coincheck Heist

25/01/2021

The suspects were found to have traded stolen cryptocurrency on an underground exchange that emerged on the dark web following the Coincheck heist.

Market Infrastructure

New York State Budget to Include Provisions to Ease LIBOR Switch

24/01/2021

The state budget plan would reportedly allow legacy LIBOR contracts to use the replacement rate recommended by the Fed Board, the New York Fed, or the ARRC.

Securities / Derivatives

CSRC Approves Establishment of Guangzhou Futures Exchange

24/01/2021

The new exchange is part of a policy blueprint released by mainland authorities last year to facilitate the development of the Greater Bay Area.