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Market Infrastructure
ASIC to Update Guidance on Anti-hawking Regime
By Ranamita Chakraborty | 23/07/2021
The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.
Market Infrastructure
ARRC Endorses Shift to RFRs for Cross-currency Basis Swaps
By Manesh Samtani | 23/07/2021
From 21 September, interdealer trading in cross-currency basis swaps between USD, JPY, GBP and CHF would reference each currency’s RFR.
Market Infrastructure
ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks
By Editors | 22/07/2021
The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.
ESG / Sustainability
IIF Publishes Guidance for Scenario-based Climate Risk Measurement
By Ranamita Chakraborty | 22/07/2021
The IIF has developed a set of reference approaches to be used by supervisors and banks as blueprints when designing their SCRM approaches.
Market Infrastructure
CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans
By Editors | 22/07/2021
Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.
Market Infrastructure
Singapore Reviewing Carbon Price Trajectory, says MAS Chief
By Ranamita Chakraborty | 21/07/2021
The government is reviewing its targets for the price of carbon to ensure it helps Singapore meet its climate commitments.
ESG / Sustainability
HKMA Issues Draft Guideline for Banks on Climate Risk Management
By Manesh Samtani | 21/07/2021
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.
Market Infrastructure
Australia Issues Consultation on Financial Accountability Regime
By Sanday Chongo Kabange | 20/07/2021
The FAR will not impose civil penalty liability on accountable persons, a shift from the government’s position in a January 2020 consultation.
AML / KYC
US Government Warns Of Rising Business Risk in Hong Kong
By Editors | 18/07/2021
A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.
Market Infrastructure
CFTC Set to Formally Adopt of ‘SOFR First’ Initiative
By Editors | 18/07/2021
SOFR First has four phases, starting with the adoption of SOFR instead of LIBOR as the default rate for USD linear swaps from 26 July 2021.
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