Market Infrastructure

Market Infrastructure

FSB Confirms Governance Body for OTC Derivatives Identifiers

By Editors | 27/09/2020

The Regulatory Oversight Committee of the Global LEI System will be the International Governance Body for the UTI, UPI and CDE as of 1 October.

ESG / Sustainability

Taiwan FSC Outlines Plans for Capital Market Development

By Sanday Chongo Kabange | 26/09/2020

A 3-year roadmap to be unveiled by year-end includes plans to set up central clearing for OTC derivatives, and improve convenience and efficiency for foreign investors.

Market Infrastructure

ASX Responds on Tranche 2 Rule Changes for CHESS Replacement

By Editors | 26/09/2020

The consultation on the 2nd tranche of rule changes covered operating rules relating to corporate actions, mFund and RTGS payment aspects for the new system.

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.