Market Infrastructure

Market Infrastructure

Japan to Start Publishing TORF Production Rates from 26 April

By Editors | 07/04/2021

QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.

Market Infrastructure

FCA, BOE Urge Switch to SONIA in GBP Non-linear Derivatives

By Editors | 05/04/2021

The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.

Big Picture

ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral

By Editors | 03/04/2021

China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.

Fintech / Regtech

Thailand, Vietnam Launch Cross-Border QR Code Link

By Sanday Chongo Kabange | 03/04/2021

The retail payment link will facilitate cross-border transactions between Thailand and Vietnam using local currencies.

Market Infrastructure

HKMA, BOJ Launch Cross-border DvP Link for JGBs

By Editors | 02/04/2021

The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.

ESG / Sustainability

Regulators Should Require FIs to Consider Climate Risk: NGFS

By ESG Investor | 01/04/2021

Climate risks may be underestimated due to a lack of internal scenario analysis by financial institutions, the NGFS warns in a new report.

Market Infrastructure

FS-ISAC Warns Banks of Growing Threat from Cyber Attacks

By Editors | 01/04/2021

Nation-states and cybercriminals may be wittingly leveraging each other’s tools and tactics, leading to an increase in cross-border attacks targeting financial services suppliers.

Market Infrastructure

BCBS Issues Principles for Operational Resilience and Risk

By Editors | 01/04/2021

Increasing banks’ resilience to absorb shocks from operational risks will provide additional safeguards to the financial system as a whole, the BCBS says.

Market Infrastructure

Singapore Announces End-date for SOR Derivatives

By Manesh Samtani | 01/04/2021

Banks are asked to cease issuance of SOR derivatives and SIBOR-linked financial products by end-September 2021.