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Market Infrastructure
ARRC Formally Recommends CME Group SOFR Term Rates
By Editors | 31/07/2021
Forward-looking term rates are needed for syndicated and bilateral corporate loans, as well as in the CLO and leveraged loans markets.
Capital / Liquidity
Malaysia Establishes Policy on Recovery and Resolution Planning
By Editors | 31/07/2021
Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.
Crypto / Digital Assets
Ripple Opens Japan-Philippines Remittance Corridor
By Manesh Samtani | 31/07/2021
Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.
Fintech / Regtech
BSP Grants Fourth Digital Bank Licence to UnionBank
By Editors | 31/07/2021
UnionBank is the latest to receive the licence after Landbank’s Overseas Filipino Bank, Tonik Bank, and UNOBank.
Market Infrastructure
ISDA, NAFMII Publish Standard Text to Enable IBOR Fallbacks in China
By Editors | 31/07/2021
New definitions will come into effect on 29 October 2021 to enable firms to include contractual IBOR fallbacks into onshore derivatives transactions.
Market Infrastructure
ASX Launches Compression Service for OTC Derivatives
By Ranamita Chakraborty | 30/07/2021
In recent years, demand for compression services has risen as market participants look to lower capital costs associated with balance sheet-intensive derivatives.
Market Infrastructure
Family Offices Should Start Behaving Like Regulated Entities
By Marie Gervacio | 30/07/2021
Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.
Market Infrastructure
NZ FMA Issues Cyber Resilience Guidance for Financial Advisers
By Sanday Chongo Kabange | 30/07/2021
Under New Zealand’s new financial advice regime, many individuals and entities have not previously been subject to compliance obligations for cybersecurity.
Market Infrastructure
HKMA Updates Guidance on Bank Remuneration Systems
By Manesh Samtani | 30/07/2021
Banks are expected to review their remuneration systems and adopt all necessary changes by 1 January 2022, the HKMA says.
Market Infrastructure
ASX to Replace Standard Definitions for Interest Rate Swaps
By Editors | 29/07/2021
From 4 October, all OTC interest rate derivatives contracts will be treated as if they incorporated the new 2021 ISDA Definitions.
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