MARKET INFRASTRUCTURE

Big Picture

ECB Calls for Common Standards for DLT Use in Post-Trade

By Sanday Chongo Kabange | 19/04/2021

Common protocols and standards are needed to improve the use of DLT in post-trade processes and avoid market fragmentation.

ESG / Sustainability

‘Brown’ Investments Risk Larger Losses from Transition Shocks

By ESG Investor | 16/04/2021

ESMA has found that green funds are less exposed to systemic network risks, while brown funds are more exposed to transition shocks.

Securities / Derivatives

HKMA, SFC Consult on Annual Update to FSP List

By Editors | 15/04/2021

A unit of Toronto-Dominion Bank is proposed to be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

Fintech / Regtech

Privacy Cited as Top Concern for a European CBDC

By Sanday Chongo Kabange | 15/04/2021

ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.

Market Infrastructure

LSTA Offers Guidance on Credit Sensitive Rates to Replace LIBOR

By Manesh Samtani | 15/04/2021

The advisory provides sample language to facilitate the use of credit sensitive rates in hardwired fallback language in new and amended loan documentation.

ESG / Sustainability

Basel Committee Calls for Adaption to Climate Risks

By ESG Investor | 14/04/2021

Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.

ESG / Sustainability

New Zealand Introduces Law on Mandatory Climate Disclosures

By Manesh Samtani | 13/04/2021

Once the bill is passed, disclosures will be required for financial years commencing in 2022, meaning the first disclosures for around 200 organisations will be made in 2023.

Securities / Derivatives

FSB Issues Guidance on Implementing SFT Data Standards

By Editors | 13/04/2021

The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.

Enforcement

Regulators Order Ant Group to Establish Financial Holding Company

By Manesh Samtani | 12/04/2021

Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.