Market Infrastructure

    Fintech / Regtech

    ASX Opens First Industry Test Environment for CHESS Replacement

    By Editors | 01/12/2021

    ITE1 is open for software providers to test functional and non-functional workflows for the new equities clearing and settlement system.

    Market Infrastructure

    CPMI, IOSCO Consider Client Clearing Access Models

    By Editors | 29/11/2021

    Improving access to client clearing is “critical” to ensuring all standardised OTC derivatives contracts are cleared through CCPs.

    Market Infrastructure

    European Commission Proposes to Strengthen Supervisory Bodies

    By Editors | 29/11/2021

    In the aftermath of the Wirecard scandal, German regulator BaFin was accused of being beholden to banking industry lobbyists and the finance ministry.

    Market Infrastructure

    EU Lawmakers Agree to Defer Mandatory Buy-in Rules

    By Manesh Samtani | 29/11/2021

    A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

    Market Infrastructure

    Australia to Drop LIBOR in Cross Currency Swaps Trading

    By Manesh Samtani | 29/11/2021

    BBSW/LIBOR will shift to BBSW/SOFR in cross currency basis swaps trading, though the move presents challenges inherent to an IBOR/RFR pairing.

    Market Infrastructure

    Indonesia Forms National Working Group on Benchmark Reform

    By Editors | 29/11/2021

    The working group will provide information and education to market players and recommendations on alternative benchmark rates.

    ESG / Sustainability

    APRA Finalises Guidance on Climate Change Financial Risks

    By Sanday Chongo Kabange | 29/11/2021

    The new climate change prudential practice guide covers governance, risk management, scenario analysis and disclosure.

    ESG / Sustainability

    Japan FSA Calls for Sharper Focus on ‘Transition’ Concept

    By Mark Johnston | 29/11/2021

    The FSA’s Satoshi Ikeda says corporate disclosures need to capture genuine progressive efforts towards achieving carbon net zero, not just point-in-time snapshots.

    AML / KYC

    SFC Issues Technical Guidance for New Reporting Regime

    By Editors | 28/11/2021

    A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.

    Big Picture

    Alignment of Taxonomies “Critical” for Improving ESG Data

    By ESG Investor | 26/11/2021

    A consistent approach to taxonomies is necessary to help mobilise capital towards sustainable solutions, said ICMA’s Ricco Zhang.

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