MARKET INFRASTRUCTURE

Capital / Liquidity

Climate Stress Tests Will Inform Supervisory Discussions

By Manesh Samtani | 17/07/2021

Climate stress test exercises will likely become the basis of supervisory discussions regarding bank business models, internal governance and risk management.

Securities / Derivatives

Exchanges Demonstrate Leadership in Sustainability Matters: WFE

By Editors | 17/07/2021

An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.

Market Infrastructure

Axis Bank Announces First Derivative Transaction Linked to SOFR

By Ranamita Chakraborty | 17/07/2021

SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.

Market Infrastructure

ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives

By Editors | 16/07/2021

The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.

ESG / Sustainability

Hong Kong Launches Centre for Green and Sustainable Finance

By Manesh Samtani | 15/07/2021

The Centre will serve as a cross-sector platform to coordinate the transition efforts and serve as a repository for resources, data and analytics.

Market Infrastructure

FSC Korea Grants Initial Nod for New Credit Rating Businesses

By Sanday Chongo Kabange | 14/07/2021

The granting of new credit information business licences is expected to facilitate the introduction of new models for credit evaluation.

Market Infrastructure

New Governance Body to Unify Global Carbon Markets

By Ranamita Chakraborty | 14/07/2021

A new governance body will be formed to standardise operations of voluntary carbon markets and unify them behind a consistent set of values and standards.

Market Infrastructure

TAIFEX to Launch Central Clearing for OTC Derivatives in June 2022

By Editors | 14/07/2021

FSC chairman Huang Tien-mu said it is “imperative” to establish central clearing for OTC derivatives as soon as possible.

Big Picture

FSB Takes Stock of Covid-19 Lessons on Financial Stability

By Manesh Samtani | 13/07/2021

Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.