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Market Infrastructure
HKMA Directs Banks to Prepare for OpRisk Rule Updates
By Manesh Samtani | 22/04/2021
The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.
ESG / Sustainability
APRA Issues Draft Guidance on Climate-related Financial Risk
By Manesh Samtani | 22/04/2021
The consultation says institutions and boards may face liability risks if they do not adequately consider or respond to the impacts of climate change.
Market Infrastructure
ARRC Outlines Principles for Forward-Looking SOFR Term Rate
By Editors | 22/04/2021
The ARRC said it is seeking to provide greater clarity on the likelihood and potential timing of a recommended SOFR term rate for certain uses.
ESG / Sustainability
PBOC Announces Additional Measures on Climate
By Manesh Samtani | 21/04/2021
The PBOC will allocate more green bonds to China’s foreign exchange reserves. A new catalogue of projects that are eligible for green bond issuance has been issued.
Market Infrastructure
StanChart Commits to Cutting Emissions in Shipping Portfolio
By Manesh Samtani | 21/04/2021
Standard Chartered has joined 25 other signatories to the Poseidon Principles, a global framework that targets carbon emission cuts in the shipping industry.
Market Infrastructure
FMSB Offers Guidance on Transitioning LIBOR Back Book
By Manesh Samtani | 20/04/2021
The Spotlight Review examines back book transition complexities through practical case studies and sets out key considerations for managing the associated risks.
ESG / Sustainability
US Treasury Unveils Coordinated Climate Policy Strategy
By Sanday Chongo Kabange | 20/04/2021
The Treasury Department has created a new Climate Hub and appointed a Climate Counsellor to coordinate and lead efforts to address climate change.
Market Infrastructure
BCBS to Discuss Archegos Collapse, Total Return Swaps
By Sanday Chongo Kabange | 20/04/2021
The BCBS will intensify scrutiny of structured financial products and total return swaps, according to Secretary General Carolyn Rogers.
Securities / Derivatives
ISDA to Consolidate Interest Rate Derivatives Definitional Book
By Editors | 20/04/2021
The new 2021 ISDA Interest Rate Derivatives Definitions will be published on 17 May, with target implementation scheduled for October.
Market Infrastructure
Japan Sets End Date for New JPY LIBOR Interest Rate Swaps
By Manesh Samtani | 20/04/2021
New interest rate swaps referencing JPY LIBOR and maturing after the end of 2021 should cease by end-September 2021.
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