Market Infrastructure

Securities / Derivatives

HKMA, SFC Consult on Annual Update to FSP List

By Editors | 15/04/2021

A unit of Toronto-Dominion Bank is proposed to be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

Fintech / Regtech

Privacy Cited as Top Concern for a European CBDC

By Sanday Chongo Kabange | 15/04/2021

ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.

Market Infrastructure

LSTA Offers Guidance on Credit Sensitive Rates to Replace LIBOR

By Manesh Samtani | 15/04/2021

The advisory provides sample language to facilitate the use of credit sensitive rates in hardwired fallback language in new and amended loan documentation.

ESG / Sustainability

Basel Committee Calls for Adaption to Climate Risks

By ESG Investor | 14/04/2021

Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.

ESG / Sustainability

New Zealand Introduces Law on Mandatory Climate Disclosures

By Manesh Samtani | 13/04/2021

Once the bill is passed, disclosures will be required for financial years commencing in 2022, meaning the first disclosures for around 200 organisations will be made in 2023.

Securities / Derivatives

FSB Issues Guidance on Implementing SFT Data Standards

By Editors | 13/04/2021

The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.

Enforcement

Regulators Order Ant Group to Establish Financial Holding Company

By Manesh Samtani | 12/04/2021

Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.

ESG / Sustainability

New TSE Chief Eyes ESG Focus In Reorganisation Plan

By Sanday Chongo Kabange | 12/04/2021

Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.

Market Infrastructure

China to Open Foreign Access to Hainan Financial Services Sector

By Sanday Chongo Kabange | 12/04/2021

Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.