Market Infrastructure

Capital / Liquidity

Philippine Senate Passes Bill to Establish ‘Bad Bank’ Framework

By Editors | 15/11/2020

The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.

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.