Market Infrastructure

    ESG / Sustainability

    IAIS Offers Supervisory Guidance on Climate Risk in Insurance Sector

    By Editors | 25/05/2021

    New paper sets out recommendations to promote a globally consistent approach to the supervision of climate-related risks in the insurance sector.

    Market Infrastructure

    IOSCO Explores Conduct Risks in Leveraged Loan, CLO Markets

    By Editors | 25/05/2021

    IOSCO is looking to understand potential conflicts of interest and misaligned incentives that may exist among participants in the leverage loan and CLO markets.

    Market Infrastructure

    EU Ramps Up Regulatory Scrutiny Over Foreign Bank Branches

    By Editors | 25/05/2021

    New rules will require foreign banks operating in the EU to consolidate their operations under an “intermediate parent undertaking”.

    ESG / Sustainability

    FSC Korea Advances Initiatives to Respond to Climate Risk

    By Manesh Samtani | 25/05/2021

    The FSC has officially declared support for the TCFD, applied for NGFS membership, and launched a new consultative body with state-backed FIs on green finance.

    Market Infrastructure

    China CIPS Expands to Include Corporate Participants

    By Editors | 25/05/2021

    The first batch of non-banks have joined CIPS. Officials say the network covers nearly 200 countries and over 3400 banks.

    Market Infrastructure

    ASIC Proposes Updates to Modernise ePayments Code

    By Sanday Chongo Kabange | 25/05/2021

    ASIC proposes to add flexibility to the code to allow it to tailor data requests based on priorities and issues of concern.

    ESG / Sustainability

    EBA Publishes Results of Pilot Exercise on Climate Risk

    By Sanday Chongo Kabange | 25/05/2021

    The first gauge of the EU aggregated green asset ratio was estimated at 7.9%. Over half of banks’ overall exposures are to sectors that might be sensitive to transition risk.

    ESG / Sustainability

    Biden Directs US Federal Agencies to Take Action on Climate

    By Editors | 25/05/2021

    Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.

    Market Infrastructure

    G7 Close to Deal on Global Minimum Corporate Tax Rate

    By Sanday Chongo Kabange | 24/05/2021

    A US Treasury’s proposal to accept a global minimum corporate tax rate of 15% has reportedly been met with enthusiasm in Europe.

    Market Infrastructure

    CME Group to be Recommended as SOFR Term Rate Administrator

    By Editors | 24/05/2021

    A recommended SOFR term rate is now in clear sight, said Tom Wipf, ARRC Chairman and Vice Chairman of Institutional Securities at Morgan Stanley.

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