MARKET INFRASTRUCTURE

    Market Infrastructure

    RBNZ, FMA Consult on Implementation of FMI Act

    By Sanday Chongo Kabange | 27/07/2021

    The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.

    Fintech / Regtech

    New Body Formed to Promote Open Standards for Capital Markets

    By Sanday Chongo Kabange | 27/07/2021

    The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.

    ESG / Sustainability

    IOSCO Proposes Recommendations for ESG Ratings, Data Providers

    By ESG Investor | 27/07/2021

    IOSCO proposes recommendations to address the risks and challenges associated with products and services from ESG ratings and data providers.

    Market Infrastructure

    GFXC Updates FX Global Code to Promote PvP Settlement

    By Manesh Samtani | 27/07/2021

    The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.

    ESG / Sustainability

    BOJ Sets Out Strategy to Address Climate Change

    By Ranamita Chakraborty | 26/07/2021

    A measure will be introduced enabling FIs to receive funds from the BOJ against investments or loans made in support of efforts to address climate change.

    Market Infrastructure

    ISDA to Implement Fallbacks for GBP & USD LIBOR ICE Swap Rates

    By Manesh Samtani | 25/07/2021

    A consultation on whether ISDA should implement fallbacks for GBP and USD LIBOR ICE Swap Rates received support from a “significant majority” of respondents.

    Market Infrastructure

    Hong Kong Introduces Bill to Boost FRC’s Regulatory Powers

    By Sanday Chongo Kabange | 25/07/2021

    Under the proposed regime, regulatory powers currently vested with the HKICPA will be transferred to the Financial Reporting Council.

    Market Infrastructure

    ASIC to Update Guidance on Anti-hawking Regime

    By Ranamita Chakraborty | 23/07/2021

    The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.

    Market Infrastructure

    ARRC Endorses Shift to RFRs for Cross-currency Basis Swaps

    By Manesh Samtani | 23/07/2021

    From 21 September, interdealer trading in cross-currency basis swaps between USD, JPY, GBP and CHF would reference each currency’s RFR.

    Market Infrastructure

    ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks

    By Editors | 22/07/2021

    The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.

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