Market Infrastructure

ESG / Sustainability

IOSCO Forms Working Group to Aid IFRS Sustainability Project

By Editors | 31/03/2021

The MAS and US SEC will co-lead the new technical working group, which will help develop technical recommendations needed for new sustainability reporting standards.

Enforcement

FCA, BOE Set Out Priority Areas for LIBOR Transition

By Manesh Samtani | 30/03/2021

Supervisory tools may be used to address insufficient progress and poor risk management or governance.

Market Infrastructure

DSB Seeks Provider of OTC Derivatives Reference Data for UPI

By Editors | 29/03/2021

Underlier identifiers representing the instrument, index, or reference rate for an OTC derivative are attributes used to define a UPI.

Market Infrastructure

ARRC Publishes Guidance on Swap Rate, Business Loans, ABS

By Editors | 29/03/2021

The ARRC has published a formula to calculate fallbacks from the USD LIBOR ICE Swap Rate, simplified fallback language for business loans, and a model for using SOFR in ABS products.

Market Infrastructure

BNM Shariah Advisory Council Rules RFRs Permissible

By Editors | 29/03/2021

The ruling was made based on the justification that the compounding methodology is “merely an arithmetic method” and does not affect compliance with Shariah requirements.

Market Infrastructure

FMSB Issues Draft Standard on ‘Appropriate’ Use of Term SONIA

By Manesh Samtani | 28/03/2021

The main use cases where a robust rationale may be identified for using Term SONIA in lending products include trade finance, working capital, and Islamic finance products.

Market Infrastructure

Cboe Global Markets to Acquire Chi-X Asia Pacific

By Sanday Chongo Kabange | 28/03/2021

The acquisition will provide Cboe with a single point of entry into Australia and Japan and bring block trading capabilities to the APAC region.

Market Infrastructure

HKMA Releases Banks from 30 June LIBOR Transition Milestone

By Manesh Samtani | 26/03/2021

International banks say prematurely restricting the issuance of LIBOR-linked contracts may result in fragmented markets.

Fintech / Regtech

BIS, SWIFT Announce Winners of ISO 20022 Hackathon

By Editors | 25/03/2021

The winners were Atomic Wire, Mojaloop, Virtusa and AWS for solutions that help to enhance cross-border payments using ISO 20022 and APIs.