Regulators would have a greater degree of confidence in the consistency and accuracy of the risk data being collected if they used an established industry standard in their reporting requirements.
The consultation will help the FCA decide on what legacy use to permit for non-representative benchmarks and how it will prohibit new use of critical benchmarks that are ceasing.
A new discussion paper proposes that the Malaysian ARR be based on overnight transactions in the interbank market, and that the ARR runs in parallel to KLIBOR.
ICMA compares the main features and methodologies of official taxonomies and provides five success criteria for use in benchmarking.
The electronic FX pricing and trading engine will improve execution infrastructure, access to liquidity and price discovery for clients.
'Climate Impact X' seeks to address a need for more high-quality carbon credits and promote active cross-border trading of such credits to drive global price transparency.
The December 2020 figure is down only slightly from the $27.5tr of contracts referencing LIBOR 18 months earlier at the end of June 2019.
The BSP is testing the new peso RTGS system with banks and other participating institutions to determine readiness for go-live in June 2021.
GFIT also announced a framework for green trade finance and published a roadmap to scale green finance in the real estate, infrastructure, fund management and transition sectors.
Banks are asked to critically assess the need to set up a secure tertiary data backup to guard against destructive cyber attacks.
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