MARKET INFRASTRUCTURE

    Market Infrastructure

    LIBOR Transition in Cash Markets Remains Slow: ASIC

    By Manesh Samtani | 28/05/2021

    Only 14 percent of post-cessation date loans have robust fallbacks in place, said ASIC’s Nathan Bourne at a Bloomberg-ICMA webinar.

    Market Infrastructure

    FIA Seeks Additional Clarity on China’s “Historic” Futures Law

    By Manesh Samtani | 27/05/2021

    FIA is requesting additional clarity on settlement finality and proposing that the protections in the new futures law be further expanded.

    Market Infrastructure

    ICMA, Bloomberg Publish APAC Guide on Tough Legacy Bonds

    By Manesh Samtani | 27/05/2021

    Up to 80% of tough legacy bonds in APAC have inadequate fallbacks in place, or no fallbacks at all, ICMA and Bloomberg say in a new report.

    Big Picture

    NGFS Publishes Preliminary Findings on Climate-related Data Gaps

    By Editors | 26/05/2021

    The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.

    ESG / Sustainability

    BOE Explores Options for Greening Bond Purchase Programme

    By Sanday Chongo Kabange | 26/05/2021

    The BOE is exploring tools to incentivise companies whose debt it holds to take decisive action to achieve net zero in meaningful and lasting ways.

    ESG / Sustainability

    IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector

    By Editors | 25/05/2021

    New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.

    Market Infrastructure

    IOSCO Explores Conduct Risks in Leveraged Loan, CLO Markets

    By Editors | 25/05/2021

    IOSCO is looking to understand potential conflicts of interest and misaligned incentives that may exist among participants in the leverage loan and CLO markets.

    Market Infrastructure

    EU Ramps Up Regulatory Scrutiny Over Foreign Bank Branches

    By Editors | 25/05/2021

    New rules will require foreign banks operating in the EU to consolidate their operations under an “intermediate parent undertaking”.

    ESG / Sustainability

    FSC Korea Advances Initiatives to Respond to Climate Risk

    By Manesh Samtani | 25/05/2021

    The FSC has officially declared support for the TCFD, applied for NGFS membership, and launched a new consultative body with state-backed FIs on green finance.

    Market Infrastructure

    China CIPS Expands to Include Corporate Participants

    By Editors | 25/05/2021

    The first batch of non-banks have joined CIPS. Officials say the network covers nearly 200 countries and over 3400 banks.

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