Market Infrastructure

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures.

The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.

With the first interest rate swap transaction referencing the new Singapore Overnight Rate Average, the island state hopes to stay ahead of regional peers.

Over time, the platform will allow information contained in the ISDA 2020 Definitions to automatically flow through to trading, operational and risk management systems.

The US will revoke Hong Kong’s treatment as a separate territory from mainland China, sanction Hong Kong and Chinese officials, and examine Chinese companies listed on US exchanges.

WFE members are continuously investing resources and technology to enhance their capabilities under the philosophy that it is not a question of ‘if’ they experience a cyber incident but when.

The principles include selection due diligence, information security, confidentiality issues, outsourcing risk concentration, and access to data, among others.

The move could impact Hong Kong's special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city's credit rating.

In a welcome speech for Online Korea Fintech Week, FSC chairman Eun Sung-soo said the regulator will pursue innovation based on three main pillars.