Market Infrastructure

Market Infrastructure

RBNZ Publishes Results of Data Breach Review by KPMG

By Editors | 31/05/2021

KPMG found that the use of file-sharing app Accellion FTA went beyond the acceptable use specified in the RBNZ’s own guidelines.

Market Infrastructure

Shanghai Maps Out Plans to Become Global Wealth Hub

By Sanday Chongo Kabange | 31/05/2021

Shanghai will further open up to foreign investors and new financial services products will be introduced, including various derivatives products.

ESG / Sustainability

APRA Invites Tenders to Help Model Physical Climate Risk

By Editors | 31/05/2021

APRA is seeking physical climate risk modelling capabilities to support the delivery of climate scenario analysis data to banks participating in the CVA project.

Market Infrastructure

Japan to Require Disclosure of User Data Held Overseas

By Manesh Samtani | 29/05/2021

Companies will reportedly also have to disclose how data management rules in foreign countries differ from those in Japan.

Market Infrastructure

Westpac Becomes First Aussie Major to Issue SOFR Debt

By Editors | 28/05/2021

The bond issuance included a $300mn floating-rate bond tranche maturing in five years that was priced at a 52 basis point spread over SOFR.

Market Infrastructure

LIBOR Transition in Cash Markets Remains Slow: ASIC

By Manesh Samtani | 28/05/2021

Only 14 percent of post-cessation date loans have robust fallbacks in place, said ASIC’s Nathan Bourne at a Bloomberg-ICMA webinar.

Market Infrastructure

FIA Seeks Additional Clarity on China’s “Historic” Futures Law

By Manesh Samtani | 27/05/2021

FIA is requesting additional clarity on settlement finality and proposing that the protections in the new futures law be further expanded.

Market Infrastructure

ICMA, Bloomberg Publish APAC Guide on Tough Legacy Bonds

By Manesh Samtani | 27/05/2021

Up to 80% of tough legacy bonds in APAC have inadequate fallbacks in place, or no fallbacks at all, ICMA and Bloomberg say in a new report.

Big Picture

NGFS Publishes Preliminary Findings on Climate-related Data Gaps

By Editors | 26/05/2021

The availability of reliable climate-related data requires swift progress on disclosures, global taxonomy, and transparent and quality-assured metrics, the NGFS says.