Market Infrastructure

AML / KYC

US Government Warns Of Rising Business Risk in Hong Kong

By Editors | 18/07/2021

A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.

Market Infrastructure

CFTC Set to Formally Adopt of ‘SOFR First’ Initiative

By Editors | 18/07/2021

SOFR First has four phases, starting with the adoption of SOFR instead of LIBOR as the default rate for USD linear swaps from 26 July 2021.

Capital / Liquidity

WWF Calls for Supervisory Action to Address Biodiversity Loss

By Manesh Samtani | 17/07/2021

Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report.

Market Infrastructure

China Commences Trading on Newly Launched Carbon Market

By Sanday Chongo Kabange | 17/07/2021

Trading commenced on the Shanghai Environment and Energy Exchange on Friday, covering emissions from over 2000 power companies.

Capital / Liquidity

Climate Stress Tests Will Inform Supervisory Discussions

By Manesh Samtani | 17/07/2021

Climate stress test exercises will likely become the basis of supervisory discussions regarding bank business models, internal governance and risk management.

Securities / Derivatives

Exchanges Demonstrate Leadership in Sustainability Matters: WFE

By Editors | 17/07/2021

An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.

Market Infrastructure

Axis Bank Announces First Derivative Transaction Linked to SOFR

By Ranamita Chakraborty | 17/07/2021

SOFR is expected to be the most widely accepted benchmark rate used to replace LIBOR and MIFOR in India.

Market Infrastructure

ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives

By Editors | 16/07/2021

The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.

ESG / Sustainability

Hong Kong Launches Centre for Green and Sustainable Finance

By Manesh Samtani | 15/07/2021

The Centre will serve as a cross-sector platform to coordinate the transition efforts and serve as a repository for resources, data and analytics.