MARKET INFRASTRUCTURE

Market Infrastructure

European Commission Grants 18 Months Equivalence to UK CCPs

By Editors | 25/09/2020

The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.

Capital / Liquidity

India Establishes Netting Certainty for Bilateral OTC Derivatives

By Manesh Samtani | 24/09/2020

Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.

Market Infrastructure

FCA Consults on Regulatory Approach for International Firms

By Editors | 24/09/2020

The FCA is seeking views on its approach to authorising international firms that wish to provide financial services in the UK post-Brexit.

Market Infrastructure

FSDC Calls For HK-listed Derivatives Tracking A-Shares

By Manesh Samtani | 24/09/2020

Once the new A-share based derivatives products are launched in Hong Kong, they should be opened up to Mainland investors via Stock Connect.

ESG / Sustainability

WEF Announces Common Metrics for ESG Reporting

By Editors | 24/09/2020

The metrics were developed with Deloitte, EY, KPMG and PwC in an open consultation process with corporates, investors, standard-setters, NGOs and international organisations.

ESG / Sustainability

Korea FSS Calls on Financial Sector to Disclose Climate Risks

By Editors | 24/09/2020

The FSS plans to release guidelines on the disclosure of environmental information and develop a tool to stress test financial resilience to climate risk.

Securities / Derivatives

SFC Identifies Cybersecurity Deficiencies at Internet Brokers

By Editors | 23/09/2020

The SFC found deficiencies relating to two-factor authentication, data encryption, session timeout, monitoring and surveillance, among other areas.

Market Infrastructure

Malaysia Completes First KLIBOR-SOFR Cross-currency Basis Swap

By Editors | 23/09/2020

The USD 100 million trade was the first MYR – USD cross-currency transaction referencing the USD SOFR, which will replace USD LIBOR.

Market Infrastructure

China to Further Relax Foreign Access to Bond Market

By Manesh Samtani | 23/09/2020

The PBOC and SAFE are consulting on new rules that will reduce restrictions on outward remittances for institutional investors, among other rule changes.