Market Infrastructure

Market Infrastructure

ISDA Launches New Indicator to Monitor RFR Adoption in Derivatives

By Editors | 28/07/2020

The indicator is intended to help derivatives market participants keep tabs on progress to shift to risk-free rates ahead of the end of 2021, when LIBOR is due to be discontinued.

Market Infrastructure

ASX Benchmarks Proposes Enhancements to BBSW Methodology

By Editors | 27/07/2020

Enhancements to the transaction layer of the BBSW calculation waterfall will increase the frequency with which BBSW rates are calculated using transaction data.

Market Infrastructure

Data: Fault Lines Criss-crossing Asia’s Capital Markets

By Matthew Chan | 27/07/2020

Global harmonisation and progressive thinking are needed to support data connectivity between markets, says Matthew Chan at ASIFMA.

Market Infrastructure

CBIRC to Delegate Insurance Supervision to Local Authorities

By Editors | 27/07/2020

Local authorities will assume regulatory responsibilities over 64 property insurers, while the CBIRC will retain oversight for the 36 larger institutions.

Market Infrastructure

PBOC to Punish Banks Based on Green Finance Performance

By Editors | 27/07/2020

The PBOC’s branches will grade banks on their green finance performance quarterly starting in January 2021, using a set of quantitative and qualitative indicators.

Capital / Liquidity

CFTC Adopts New Swaps Rules Limiting Extraterritorial Oversight

By Editors | 27/07/2020

Chairman Heath Tarbert said it is unnecessary for the CFTC to be “the world’s policeman” for all swaps, given that most G20 jurisdictions have adopted similar swaps regulations.

Market Infrastructure

Japanese Trust Funds Align with Global Trends on FX Settlement Risk

By Makoto Miyazaki | 26/07/2020

Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.

Big Picture

Institute of Internal Auditors Offers Update to 3LoD Model

By Editors | 26/07/2020

The new ‘Three Lines Model’ is aimed at improving organisational structure to achieve better alignment, collaboration, and accountability among key players.

Market Infrastructure

HKMA Aligns Benchmark Reform Guidance for Banks with BCBS

By Editors | 26/07/2020

HKMA’s new guidance covers issues with benchmark reform relating to the definition of capital, market risk, counterparty credit risk, liquidity and operational risk.