MARKET INFRASTRUCTURE

Market Infrastructure

Sri Lanka: CBSL Collaborates with Industry on Inward Remittances

By Duruthu E Chandrasekera | 12/10/2021

The central bank is working with banks, mobile operators, and government agencies to launch a new mobile app for inward remittances.

Market Infrastructure

ARRC Publishes Spread-Adjusted Fallback Recommendations

By Editors | 12/10/2021

The document provides a reference point for market participants to understand the ARRC’s current recommendations in relation to its fallback language.

Market Infrastructure

FSB Reports Progress on NBFI Risks, Cross-border Payments

By Editors | 12/10/2021

A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.

Market Infrastructure

FSB Offers Policy Toolkit to Address MMF Vulnerabilities

By Manesh Samtani | 12/10/2021

Enhancing MMF resilience will help address systemic risks and minimise the need for central bank interventions to support the sector, the FSB said.

Market Infrastructure

IBA Publishes ‘Beta’ Rates for SOFR Interest Rate Swaps

By Editors | 11/10/2021

The new rates will assist the non-linear market in its transition to SOFR, IBA said. Currently they are being published solely for information and illustration purposes.

ESG / Sustainability

Treasury, Other US Agencies Release Climate Action Plans

By Editors | 11/10/2021

The plan outline the steps the agencies will take to ensure their facilities and operations adapt to and are increasingly resilient to climate change impacts.

Big Picture

Whole Financial System Needs to Work Against Biodiversity Risk

By ESG Investor | 11/10/2021

NGFS-INSPIRE Study Group outlines data, analytics challenges for central banks and financial supervisors.

ESG / Sustainability

Japan FSA to Mandate Climate Disclosures from April 2022 – Report

By Ranamita Chakraborty | 11/10/2021

Companies listed on the TSE’s ‘Prime’ market will be required to comply with mandatory climate risk disclosure requirements first.

AML / KYC

Singapore: Exemptions for Foreign Offices of FIs Take Effect

By Editors | 10/10/2021

Under the new ‘Branch Framework’, Singapore FIs have to assess whether their overseas representatives are acting on behalf of the Singapore office or the foreign office.