Market Infrastructure

New Structured Finance Transactions Face LIBOR Transition Risks

22/05/2019

New covered bonds and securitisation deals face basis and transition risks due to the end of LIBOR in 2021.

Market Infrastructure

ISDA Launches Two More Consultations on Benchmark Reform

21/05/2019

ISDA is consulting on fallback adjustments for USD LIBOR, HIBOR and Canada’s CDOR. It is also proposing to include the SOFR in Singapore’s SOR calculation following USD LIBOR’s cessation.

Fintech / Regtech

Artificial Intelligence Holds “Immense Potential” for Risk Management – MAS

16/05/2019

MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.

Capital / Liquidity

BCBS Releases 16th Progress Report on Basel III Adoption

10/05/2019

In Asia, most jurisdictions have made progress with Basel III adoption, though most have yet to make progress on non-cleared derivatives margining and CCP regulation.

Capital / Liquidity

MAS Consults on Revised Capital Requirements for Singapore Banks

08/05/2019

The central bank has opted to use its national discretion in key areas in credit, market and operational risk management.

Big Picture

Technology Driven Changes Afoot in the Australian Banking Sector

07/05/2019

Open banking, digital banking, cloud-based infrastructure and RegTech are the key drivers of technology-led change in the Australian banking sector, according to S&P Global Ratings.

Capital / Liquidity

Eight Jurisdictions Yet to Adopt Resolution Frameworks – FSB

30/04/2019

Eight major jurisdictions are yet to adopt resolution planning. Further work is needed on resolution planning for D-SIBs and other banks, as well as on cross-border cooperation on bank resolutions.

Market Infrastructure

BOJ Committee Releases Results of Discussion on Libor Alternatives

29/04/2019

The industry-led committee is working to develop term reference rates based on JPY OIS as a potential alternative benchmark in light of the discontinuation of JPY LIBOR in 2021.

Market Infrastructure

China, Indonesia, India Slow to Finalise Close-Out Netting Reforms

24/04/2019

In its April quarterly round-up, ISDA detailed efforts in the three jurisdictions to ensure legal certainty on close-out netting, seen to be a critical issue for derivatives market development.