Market Infrastructure

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.

Market Infrastructure

Hong Kong Introduces Bill to Boost FRC’s Regulatory Powers

By Sanday Chongo Kabange | 25/07/2021

Under the proposed regime, regulatory powers currently vested with the HKICPA will be transferred to the Financial Reporting Council.

Market Infrastructure

ASIC to Update Guidance on Anti-hawking Regime

By Ranamita Chakraborty | 23/07/2021

The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.

Market Infrastructure

ARRC Endorses Shift to RFRs for Cross-currency Basis Swaps

By Manesh Samtani | 23/07/2021

From 21 September, interdealer trading in cross-currency basis swaps between USD, JPY, GBP and CHF would reference each currency’s RFR.

Market Infrastructure

ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks

By Editors | 22/07/2021

The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.

ESG / Sustainability

IIF Publishes Guidance for Scenario-based Climate Risk Measurement

By Ranamita Chakraborty | 22/07/2021

The IIF has developed a set of reference approaches to be used by supervisors and banks as blueprints when designing their SCRM approaches.

Market Infrastructure

CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans

By Editors | 22/07/2021

Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.

Market Infrastructure

Singapore Reviewing Carbon Price Trajectory, says MAS Chief

By Ranamita Chakraborty | 21/07/2021

The government is reviewing its targets for the price of carbon to ensure it helps Singapore meet its climate commitments.

ESG / Sustainability

HKMA Issues Draft Guideline for Banks on Climate Risk Management

By Manesh Samtani | 21/07/2021

The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.