Market Infrastructure

Securities / Derivatives

BSEC Plans to Transition Stock Market to T+2 Settlement

By Editors | 03/03/2022

BSEC is working on the technical aspects of the change, which will likely be implemented in phases, starting with blue-chip stocks.

ESG / Sustainability

APRA to Survey Regulated Entities on Climate Risk Management

By Sanday Chongo Kabange | 03/03/2022

The survey will assess the alignment between current approaches used by regulated entities and the expectations set out in CPG 229 and the TCFD recommendations.

Market Infrastructure

ESMA Consults on Climate Risk Stress Testing Approach for CCPs

By Sanday Chongo Kabange | 02/03/2022

ESMA has identified four elements of climate risk that may adversely impact CCPs – physical risk, rapid transition risk, business risk, and collateral replacement risk.

AML / KYC

Russia SWIFT Ban Still Being Finalised; China Urges Dialogue

By Manesh Samtani | 02/03/2022

Seven Russian banks will likely be cut off from SWIFT; Japan will freeze Russia’s yen reserves; Korea will suspend transactions with seven Russian banks and their subsidiaries.

ESG / Sustainability

UK, Singapore Bolster Cooperation on Data Flows, Financial Services

By Editors | 01/03/2022

The UKSDEA promotes free flows of data between the UK and Singapore including in financial services. Both countries will work towards recognising each other’s digital identity systems.

Market Infrastructure

IMF to Launch New Data Gaps Initiative Later This Year

By Mark Johnston | 01/03/2022

A draft work plan for the new Data Gaps Initiative, which seeks to improve the availability of data for policymaking, focuses on four topics including climate change.

Market Infrastructure

ISDA Publishes Documentation to Align Derivatives, SFT Markets

By Editors | 28/02/2022

The new definitional booklet and related set of provisions will enable allow firms to document derivatives and securities financing transactions under a single ISDA Master Agreement.

Capital / Liquidity

RBA to Adjust Liquidity-Providing Market Operations

By Editors | 27/02/2022

The RBA will adjust the way it sets interest rates for repo transactions with banks and shorten the maximum tenor to four weeks.

Market Infrastructure

BSP Issues Revised Outsourcing Rules for Banks

By Editors | 27/02/2022

Banks need BSP approval to enter into material outsourcing arrangements. They must also conduct periodic assessments to ensure outsourcing risks are properly managed.