Market Infrastructure

ESG / Sustainability

EBA Publishes Results of Pilot Exercise on Climate Risk

By Sanday Chongo Kabange | 25/05/2021

The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.

ESG / Sustainability

Biden Directs US Federal Agencies to Take Action on Climate

By Editors | 25/05/2021

Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.

Market Infrastructure

G7 Close to Deal on Global Minimum Corporate Tax Rate

By Sanday Chongo Kabange | 24/05/2021

A US Treasury’s proposal to accept a global minimum corporate tax rate of 15% has reportedly been met with enthusiasm in Europe.

Market Infrastructure

CME Group to be Recommended as SOFR Term Rate Administrator

By Editors | 24/05/2021

A recommended SOFR term rate is now in clear sight, said Tom Wipf, ARRC Chairman and Vice Chairman of Institutional Securities at Morgan Stanley.

Market Infrastructure

Hainan Unveils 3-Year Plan to Improve Investment Environment

By Sanday Chongo Kabange | 24/05/2021

The Hainan action plan encourages regional businesses to pursue financing by listing on both domestic and overseas exchanges.

Capital / Liquidity

ISDA Calls for Uniform Approach to Risk Data Reporting

By Manesh Samtani | 22/05/2021

Regulators would have a greater degree of confidence in the consistency and accuracy of the risk data being collected if they used an established industry standard in their reporting requirements.

Market Infrastructure

FCA Consults on Use of New Powers to Facilitate LIBOR Transition

By Editors | 22/05/2021

The consultation will help the FCA decide on what legacy use to permit for non-representative benchmarks and how it will prohibit new use of critical benchmarks that are ceasing.

Market Infrastructure

BNM Consults on Multi-rate Approach to LIBOR Transition

By Manesh Samtani | 21/05/2021

A new discussion paper proposes that the Malaysian ARR be based on overnight transactions in the interbank market, and that the ARR runs in parallel to KLIBOR.

Market Infrastructure

ICMA Publishes ‘Success Criteria’ for Sustainable Finance Taxonomies

By Editors | 20/05/2021

ICMA compares the main features and methodologies of official taxonomies and provides five success criteria for use in benchmarking.