Market Infrastructure

    Market Infrastructure

    ISDA Receives Positive Business Review Letter from DOJ

    By Manesh Samtani | 05/10/2020

    The letter brings ISDA a step closer to publishing a supplement and related protocol that will make IBOR fallbacks in derivatives a reality.

    ESG / Sustainability

    IFRS Foundation Consults on Role in Global Sustainability Standards

    By Editors | 02/10/2020

    One possible option is for the IFRS Foundation to establish a new sustainability standards board, operating alongside the IASB, focusing initially on climate-related matters.

    Fintech / Regtech

    ACCC Concludes Refinitiv-LSEG Merger Review

    By Editors | 02/10/2020

    The ACCC examined horizontal overlaps and vertical relationships between LSEG and Refinitiv, as well as potential competition issues, and is not opposed to the transaction.

    Market Infrastructure

    SWIFT Developing Low-Value Cross-Border Payments Service

    By Editors | 02/10/2020

    The new initiative will improve the payments experience for consumers and SMEs, making them faster, more transparent, easier and competitively priced.

    ESG / Sustainability

    HKMA Pushes Forward Green & Sustainable Banking Initiatives

    By Manesh Samtani | 01/10/2020

    A pilot climate stress testing exercise involving Hong Kong banks will commence early next year. A local green taxonomy is under development.

    Market Infrastructure

    CHESS Replacement ‘Critical’ to Manage Systemic Risk: RBA

    By Editors | 01/10/2020

    Replacing CHESS with more modern technology is critical to ASX’s ongoing management of systemic risk, said RBA assistant governor Michele Bullock.

    Market Infrastructure

    Hardware Failure Causes Full Day Closure at Tokyo Exchange

    By Editors | 01/10/2020

    The TSE apologised for inconvenience caused to investors and said it is replacing the faulty hardware. Trading is expected to resume Friday.

    Market Infrastructure

    SONIA Quoting Conventions to be Adopted in UK Swaps Market

    By Editors | 01/10/2020

    Interdealer brokers should base quotes in the sterling swaps market on SONIA rather than LIBOR from 27 October, the FCA and BOE say.

    Market Infrastructure

    DBS, ICBC Issue First Club Loan Pegged to SORA

    By Editors | 01/10/2020

    The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.

    Fintech / Regtech

    MAS Orders Wirecard Entities to Cease Singapore Payment Services

    By Editors | 30/09/2020

    Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.

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