MARKET INFRASTRUCTURE

Market Infrastructure

HKMA, BOJ Launch Cross-border DvP Link for JGBs

By Editors | 02/04/2021

The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.

ESG / Sustainability

Regulators Should Require FIs to Consider Climate Risk: NGFS

By ESG Investor | 01/04/2021

Climate risks may be underestimated due to a lack of internal scenario analysis by financial institutions, the NGFS warns in a new report.

Market Infrastructure

FS-ISAC Warns Banks of Growing Threat from Cyber Attacks

By Editors | 01/04/2021

Nation-states and cybercriminals may be wittingly leveraging each other’s tools and tactics, leading to an increase in cross-border attacks targeting financial services suppliers.

Market Infrastructure

BCBS Issues Principles for Operational Resilience and Risk

By Editors | 01/04/2021

Increasing banks’ resilience to absorb shocks from operational risks will provide additional safeguards to the financial system as a whole, the BCBS says.

Market Infrastructure

Singapore Announces End-date for SOR Derivatives

By Manesh Samtani | 01/04/2021

Banks are asked to cease issuance of SOR derivatives and SIBOR-linked financial products by end-September 2021.

ESG / Sustainability

IOSCO Forms Working Group to Aid IFRS Sustainability Project

By Editors | 31/03/2021

The MAS and US SEC will co-lead the new technical working group, which will help develop technical recommendations needed for new sustainability reporting standards.

Enforcement

FCA, BOE Set Out Priority Areas for LIBOR Transition

By Manesh Samtani | 30/03/2021

Supervisory tools may be used to address insufficient progress and poor risk management or governance.

Market Infrastructure

DSB Seeks Provider of OTC Derivatives Reference Data for UPI

By Editors | 29/03/2021

Underlier identifiers representing the instrument, index, or reference rate for an OTC derivative are attributes used to define a UPI.

Market Infrastructure

ARRC Publishes Guidance on Swap Rate, Business Loans, ABS

By Editors | 29/03/2021

The ARRC has published a formula to calculate fallbacks from the USD LIBOR ICE Swap Rate, simplified fallback language for business loans, and a model for using SOFR in ABS products.