MARKET INFRASTRUCTURE

Market Infrastructure

US House Passes LIBOR Replacement Legislation

By Manesh Samtani | 10/12/2021

The legislation will automatically shift tough legacy contracts to a new benchmark, preventing disputes over which rate should apply and how interest is calculated.

ESG / Sustainability

Korea to Conduct First Climate Stress Test in Financial Sector in 2022

By Editors | 09/12/2021

The FSS has introduced a guideline on the management of climate risks in the financial sector.  Meanwhile, a green finance handbook will be finalised for publication next year.

ESG / Sustainability

HKMA Shares ‘Sound Practices’ in Bank Climate Strategies

By Manesh Samtani | 09/12/2021

Banks are “strongly encouraged” to enhance their green and sustainability programmes to encompass climate risk management and the sound practices.

Big Picture

Cyber Risk Seen as Top Threat to Financial Markets: DTCC

By Editors | 08/12/2021

Cyber risk, pandemic, and geopolitical risk cited as the top threats to financial markets, but climate change and inflation are gaining pace.

Crypto / Digital Assets

BIS Concludes wCBDC Experiment with French, Swiss Central Banks

By Editors | 08/12/2021

Under Project Jura, tokenised assets and foreign exchange transactions were settled safely and efficiently using PvP and DvP mechanisms, the BIS said.

ESG / Sustainability

US Climate Reporting Framework Expected Q1 2022

By ESG Investor | 08/12/2021

The framework is complex and SEC staff want to “get it right first time”, says PRI’s Head of US Policy Gregory Hershman.

Capital / Liquidity

FSB Presents Stock-take of Progress on Resolution Regimes

By Editors | 07/12/2021

The FSB says work is under way to build up external TLAC for the four Chinese G-SIBs, but that all other G-SIBs report that they already meet or exceed the final TLAC requirement.

Fintech / Regtech

IOSCO Offers Guidance on Developing Innovation Facilitators

By Editors | 07/12/2021

IOSCO sets out key considerations for regulators who are looking to establish innovation hubs, regulatory sandboxes, and regulatory accelerators.

Crypto / Digital Assets

ASIC Flags Supply Chain Risk as Key Cyber Resilience Concern

By Sanday Chongo Kabange | 07/12/2021

Failure to invest in supply chain risk management could lead to significant consumer harm that might warrant ASIC investigation and action.