Market Infrastructure

Market Infrastructure

FMSB Offers Guidance on Transitioning LIBOR Back Book

By Manesh Samtani | 20/04/2021

The Spotlight Review examines back book transition complexities through practical case studies and sets out key considerations for managing the associated risks.

ESG / Sustainability

US Treasury Unveils Coordinated Climate Policy Strategy

By Sanday Chongo Kabange | 20/04/2021

The Treasury Department has created a new Climate Hub and appointed a Climate Counsellor to coordinate and lead efforts to address climate change.

Market Infrastructure

BCBS to Discuss Archegos Collapse, Total Return Swaps

By Sanday Chongo Kabange | 20/04/2021

The BCBS will intensify scrutiny of structured financial products and total return swaps, according to Secretary General Carolyn Rogers.

Securities / Derivatives

ISDA to Consolidate Interest Rate Derivatives Definitional Book

By Editors | 20/04/2021

The new 2021 ISDA Interest Rate Derivatives Definitions will be published on 17 May, with target implementation scheduled for October.

Market Infrastructure

Japan Sets End Date for New JPY LIBOR Interest Rate Swaps

By Manesh Samtani | 20/04/2021

New interest rate swaps referencing JPY LIBOR and maturing after the end of 2021 should cease by end-September 2021.

Market Infrastructure

Industry Bodies Urge EU, UK to Link Emissions Trading Systems

By Sanday Chongo Kabange | 19/04/2021

Linking the systems ahead of COP 26 would reaffirm the UK and EU as climate leaders and demonstrate strong advocacy for international carbon markets.

Big Picture

ECB Calls for Common Standards for DLT Use in Post-Trade

By Sanday Chongo Kabange | 19/04/2021

Common protocols and standards are needed to improve the use of DLT in post-trade processes and avoid market fragmentation.

ESG / Sustainability

‘Brown’ Investments Risk Larger Losses from Transition Shocks

By ESG Investor | 16/04/2021

ESMA has found that green funds are less exposed to systemic network risks, while brown funds are more exposed to transition shocks.

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.