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Market Infrastructure
US Agencies Urge Banks Forward on LIBOR Transition
By Sanday Chongo Kabange | 15/11/2020
The Fed, OCC and FDIC have asked banks to move away from LIBOR ‘without delay’, accelerate customer outreach, and prepare their systems for the transition.
Market Infrastructure
Ransomware Attacks Present a Growing Threat to FIs: FS-ISAC
By Editors | 15/11/2020
Even with robust cybersecurity programmes, large institutions are vulnerable to attacks through third-party suppliers. Smaller institutions are at even greater risk.
Capital / Liquidity
Pandemic Was ‘First Major Global Test’ of Post-Crisis Reforms: FSB
By Editors | 15/11/2020
The pandemic raised questions of whether the flexibility provided in the Basel framework is actually used by FIs, for example in the case of bank capital and liquidity buffers.
ESG / Sustainability
OECD, UNDP Launch Plan to Align Global Finance with SDG Goals
By ESG Investor | 15/11/2020
According to new research from Standard Chartered, SDGs are not getting the investment needed to meet the targets by 2030.
Big Picture
DTCC Paper Offers Guidance on Cloud Adoption in Financial Services
By Editors | 13/11/2020
The paper suggests the establishment of a principles-based, harmonised regulatory framework to better support adoption of cloud services by financial institutions.
ESG / Sustainability
UK TCFD Taskforce Unveils Plan for Mandatory Climate Disclosures
By ESG Investor | 12/11/2020
The roadmap outlines a five-year timetable for a range of UK financial institutions to comply with mandatory disclosure requirements.
Market Infrastructure
HKEX Chief Outlines Ongoing Market Development Initiatives
By Manesh Samtani | 12/11/2020
HKEX Chief Charles Li hinted at the possibility that Stock Connect could be extended to the primary market, and expanded to include derivatives.
Market Infrastructure
APRA Updates Draft Prudential Standard on Remuneration
By Editors | 12/11/2020
The prudential standard is expected to come into effect for significant banks in January 2023 and for significant insurers and superannuation entities in July 2023.
ESG / Sustainability
Taskforce Issues Plan for Scalable Carbon Credit Market
By ESG Investor | 11/11/2020
The voluntary carbon market will need to increase in size by 15 times by 2030 to achieve climate change targets, according to an IIF sponsored taskforce.
Market Infrastructure
NZX Confirms 10 December Go-Live Date for NZ RegCo Model
By Editors | 11/11/2020
The model will structurally separate NZX’s commercial and regulatory interests, similar to the approach adopted in Singapore, Japan and Brazil.
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