Market Infrastructure

    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.

    Fintech / Regtech

    MAS, Banque de France Complete m-CBDC Experiment

    By Sanday Chongo Kabange | 11/07/2021

    The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.

    ESG / Sustainability

    The Resilience Imperative: Succeeding in Uncertain Times

    By Gabriele Vigo | 11/07/2021

    Strengthening financial institutions’ resilience has never been more important, say Gabriele Vigo and Olivia White at McKinsey.

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