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Market Infrastructure
BNM Standardises Reference Rate Used in Floating-rate Loans
By Editors | 11/08/2021
The ‘Standardised Base Rate’ will replace the ‘Base Rate’ as the reference rate for new retail floating-rate loans from 1 August 2022.
Market Infrastructure
Australia Consults on Disciplinary Body for Financial Advisers
By Editors | 11/08/2021
The government is consulting on regulations to support the establishment of the single disciplinary body that will form part of the new regime for financial advisers.
AML / KYC
SFC Finalises Investor ID, OTC Securities Reporting Regimes
By Manesh Samtani | 11/08/2021
The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.
Market Infrastructure
CSRC Accepts StanChart Application for Fully-owned China Brokerage
By Editors | 11/08/2021
The CSRC has accepted an application from Standard Chartered Bank Hong Kong to establish a fully owned securities unit in the mainland.
ESG / Sustainability
Japan FSA Seeks Better Quality ESG, Climate Disclosures
By Editors | 10/08/2021
The FSA plans to establish a new framework for the certification of ESG-related products. It is also exploring mandatory climate risk disclosures.
Market Infrastructure
ACCC Consults on Merger of BPAY, eftpos and NPP Australia
By Editors | 10/08/2021
A court enforceable undertaking is proposed to address concerns that the merger could reduce investment and support for eftpos and decrease the availability of least-cost routing.
Market Infrastructure
LCH Set to Switch Discounting, PAI Rate from SOR to SORA
By Editors | 08/08/2021
LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.
Market Infrastructure
RBI Amends Guidelines to Facilitate LIBOR Transition
By Manesh Samtani | 08/08/2021
Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.
Market Infrastructure
China: New Rules Issued to Address Unreliable Bond Ratings
By Editors | 08/08/2021
The rules require credit rating agencies to strengthen their methodologies and systems, improve corporate governance, and avoid conflicts of interest.
Market Infrastructure
LIBOR Alternatives Gain Traction in Japan – Report
By Editors | 06/08/2021
OIS transactions based on TONA and TIBOR increased in July, suggesting alternative rates to JPY LIBOR are gaining traction.
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