Market Infrastructure

Market Infrastructure

PBOC Issues Guidance on USD Loans Ahead of LIBOR Cessation

By Manesh Samtani | 02/06/2021

Guidance was issued on the terms that should be included in new and old contracts referencing USD LIBOR as well as in new contracts referencing SOFR.

ESG / Sustainability

FINMA to Require Banks, Insurers to Disclose Climate Risks

By Editors | 02/06/2021

New disclosure rules will enter into force on 1 July, requiring large banks and insurers to disclose climate-related financial risks.

Market Infrastructure

CBIRC Issues Final Rules on Evaluating Bank Director Performance

By Sanday Chongo Kabange | 02/06/2021

The new rules, effective 1 July, will strengthen and standardise performance evaluations of directors and supervisors of banks and insurers, the CBIRC said.

Market Infrastructure

Hong Kong, Shanghai Announce First ETF Cross-Listings

By Editors | 02/06/2021

The ETF cross-listing mechanism provides Chinese investors another avenue to access the Hong Kong market besides Stock Connect.

Market Infrastructure

FSB Proposes Global Targets for Enhancing Cross-border Payments

By Editors | 01/06/2021

The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

Capital / Liquidity

PBOC Tightens FX Market Liquidity to Curb Speculation

By Manesh Samtani | 01/06/2021

The PBOC has raised the RRR for foreign currency deposits for the first time in 14 years and asked enterprise and FIs not to engage in FX speculation.

Market Infrastructure

MAS Issues Consultation Response on Credit Reporting Regulations

By Manesh Samtani | 01/06/2021

Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.

Capital / Liquidity

CCP12 Calls for Global Coordination on Basel III Timelines

By Editors | 01/06/2021

Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.

Market Infrastructure

DBS, StanChart Execute First SORA Interbank Option Trade

By Editors | 31/05/2021

The interbank option trade was executed to manage market risk arising from a SORA interest rate option, which was also an industry first.