MARKET INFRASTRUCTURE

    Market Infrastructure

    IBA Publishes Production Version of SOFR ICE Swap Rate

    By Editors | 09/11/2021

    The US dollar SOFR ICE Swap Rate will help the USD non-linear derivatives market in its ongoing transition to SOFR, said IBA president Tim Bowler.

    Big Picture

    FIA Calls for Greater Standardisation in Futures, Options Markets

    By Editors | 08/11/2021

    FIA recommends forming an independent standards body to start developing standards for trading and clearing of exchange-traded derivatives.

    Market Infrastructure

    Singapore, Philippines to Pursue Cross Border Payment Links

    By Editors | 08/11/2021

    MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.

    Market Infrastructure

    Hong Kong to Issue First HONIA Floating Rate Notes

    By Manesh Samtani | 08/11/2021

    The issuance is aimed at encouraging the private sector to issue similar products and develop of other HONIA-linked instruments.

    Fintech / Regtech

    Multi CBDC Bridge Project Moves to Test New Use Cases

    By Sanday Chongo Kabange | 07/11/2021

    The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.

    Market Infrastructure

    China, EU Publish Common Sustainable Finance Taxonomy

    By Manesh Samtani | 05/11/2021

    The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.

    ESG / Sustainability

    Bank Compensation Practices More Advanced Than Other FIs: FSB

    By Editors | 05/11/2021

    The use of balanced scorecards based on KPIs in determining compensation is “critical” to promoting a sound risk culture in a firm, the FSB says.

    Market Infrastructure

    China Further Tightens Rules on Cross-border Data Transfers

    By Editors | 05/11/2021

    Government reviews will be mandatory if data exporters handle personal data of more than 1 million residents, or the “sensitive” personal data of more than 10,000 people.

    Market Infrastructure

    New Alliances Target Energy Infrastructure, Lower Emissions

    By Mark Johnston | 05/11/2021

    The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.

    ESG / Sustainability

    NGFS Members Reaffirm Commitment to Climate Action

    By Editors | 05/11/2021

    The “NGFS Glasgow Declaration” pledges central banks and supervisors to continue fostering action on climate change and greening the financial system.

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