Market Infrastructure

Market Infrastructure

New Governance Body to Unify Global Carbon Markets

By Ranamita Chakraborty | 14/07/2021

A new governance body will be formed to standardise operations of voluntary carbon markets and unify them behind a consistent set of values and standards.

Market Infrastructure

TAIFEX to Launch Central Clearing for OTC Derivatives in June 2022

By Editors | 14/07/2021

FSC chairman Huang Tien-mu said it is “imperative” to establish central clearing for OTC derivatives as soon as possible.

Big Picture

FSB Takes Stock of Covid-19 Lessons on Financial Stability

By Manesh Samtani | 13/07/2021

Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.

Capital / Liquidity

FSC Korea Designates D-SIBs, Non-holding Financial Groups

By Manesh Samtani | 13/07/2021

The FSC has designated five bank holding companies and five banks as D-SIBs. Six conglomerates were designated as non-holding financial groups.

Market Infrastructure

HKMA Asks Banks to Bolster Corporate Awareness of LIBOR Cessation

By Editors | 13/07/2021

Banks are asked to distribute a leaflet to all corporate customers by 31 July 2021 and to send confirmation to the HKMA after the exercise is complete.

Big Picture

Multilateral Collaboration Essential for CBDC Development

By Editors | 13/07/2021

A new report from CPMI, BIS Innovation Hub, the IMF and the World Bank highlights the need for multilateral collaboration and interoperability between CBDCs.

ESG / Sustainability

International Organisations to Launch Climate Training Alliance

By Editors | 12/07/2021

The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.

ESG / Sustainability

G20 Endorses Use of Carbon Pricing Mechanisms, Incentives

By Manesh Samtani | 12/07/2021

The use of carbon pricing mechanisms and incentives was included in the G20 communique among the set of tools to facilitate the transition to a more sustainable economy.

Market Infrastructure

RBI Urges Banks to Stop Using LIBOR, MIFOR

By Manesh Samtani | 11/07/2021

FIs are asked to instead use ‘any widely accepted ARR’. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.