MARKET INFRASTRUCTURE

Market Infrastructure

HKEX Sets Launch Date for Phase Two VCM Enhancements

By Editors | 08/03/2021

The second phase enhancement will allow multiple triggers of the Volatility Control Mechanism per applicable security in the same trading session.

Market Infrastructure

FCA Formally Announces Intended Cessation Dates for LIBOR

By Manesh Samtani | 07/03/2021

ISDA has confirmed that the FCA’s announcement constitutes an index cessation event and that the spread adjustment to be used in fallbacks has been fixed.

Capital / Liquidity

Japan, EU Boost Cooperation on Insurance Supervision

By Ranamita Chakraborty | 06/03/2021

EIOPA will provide the FSA advice on an equivalence decision under the EU’s Solvency II framework and, later, the monitoring of this decision.

Market Infrastructure

Japan Close to Decision on Lower Interbank Transfer Fees

By Editors | 06/03/2021

Interbank transfer fees have remained the same for over 40 years. A reduction in interbank EFT fees may be implemented as soon as October.

Market Infrastructure

BSP Issues Guidance on Reporting of LIBOR Exposures

By Manesh Samtani | 05/03/2021

Banks are required to report on all derivatives, as well as assets and liabilities that are interest-bearing, even where there is no LIBOR or PHIREF exposure.

Market Infrastructure

IBA Publishes Beta Version of ICE SONIA Indexes

By Editors | 05/03/2021

The ICE SONIA Indexes can be used to help calculate and process interest accruals from both a lender’s and borrower’s perspective.

Market Infrastructure

Tokyo Exchange Obtains ESMA Recognition Under BMR

By Editors | 04/03/2021

A total of 192 benchmarks administered by the TSE are listed as in scope, including key benchmarks TOPIX and JPX-Nikkei Index 400, as well as their sub-indices.

Market Infrastructure

NSE, INX, MCX to Jointly Set Up New GIFT City Bullion Exchange

By Editors | 04/03/2021

NSE, India INX, MCX, NSDL and CDSL have agreed to set up a bullion exchange, clearing corporation and depository at GIFT City.

ESG / Sustainability

EU: Delay to Finalised RTS Generates SFDR Uncertainty

By ESG Investor | 04/03/2021

Asset managers had hoped that finalised regulatory technical standards for Level 2 SFDR reporting would be available to assist preparations for Level 1 compliance.