Market Infrastructure

Market Infrastructure

Dealers Shift Default Rate for USD Linear Swaps to SOFR

By Manesh Samtani | 28/07/2021

Market observers reported a sharp increase in SOFR swaps transacted, a trend said to be “clear and pronounced”.

Securities / Derivatives

SEBI Requires Segregation, Monitoring of Client Collateral

By Editors | 27/07/2021

The framework seeks to address previous instances of brokers defaulting and misusing clients’ securities and funds.

Market Infrastructure

Australia Consults on Expansion of CDR to Telecom Sector

By Editors | 27/07/2021

Telecommunications will be the third sector to be considered for designation after banking and energy, which were designated in 2019 and 2020.

Market Infrastructure

RBNZ, FMA Consult on Implementation of FMI Act

By Sanday Chongo Kabange | 27/07/2021

The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.

Fintech / Regtech

New Body Formed to Promote Open Standards for Capital Markets

By Sanday Chongo Kabange | 27/07/2021

The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.

ESG / Sustainability

IOSCO Proposes Recommendations for ESG Ratings, Data Providers

By ESG Investor | 27/07/2021

IOSCO proposes recommendations to address the risks and challenges associated with products and services from ESG ratings and data providers.

Market Infrastructure

GFXC Updates FX Global Code to Promote PvP Settlement

By Manesh Samtani | 27/07/2021

The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.

ESG / Sustainability

BOJ Sets Out Strategy to Address Climate Change

By Ranamita Chakraborty | 26/07/2021

A measure will be introduced enabling FIs to receive funds from the BOJ against investments or loans made in support of efforts to address climate change.

Market Infrastructure

ISDA to Implement Fallbacks for GBP & USD LIBOR ICE Swap Rates

By Manesh Samtani | 25/07/2021

A consultation on whether ISDA should implement fallbacks for GBP and USD LIBOR ICE Swap Rates received support from a “significant majority” of respondents.