Market Infrastructure

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.

Market Infrastructure

Singapore Offers Guidance on Converting Legacy SOR Contracts

By Manesh Samtani | 29/07/2021

Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.

Market Infrastructure

Culture & Conduct Risk: The Normalization of Deviance

By Stephen Scott | 29/07/2021

Many still believe that misconduct can be discovered only after it occurs: a ‘detect and correct’ mindset. Starling’s Stephen Scott says a ‘predict and prevent’ approach is starting to emerge.

Market Infrastructure

BIS, MAS Set Out Blueprint for Cross-border Payments

By Ranamita Chakraborty | 29/07/2021

BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.