Market Infrastructure

The consultation says institutions and boards may face liability risks if they do not adequately consider or respond to the impacts of climate change.

The ARRC said it is seeking to provide greater clarity on the likelihood and potential timing of a recommended SOFR term rate for certain uses.

The PBOC will allocate more green bonds to China’s foreign exchange reserves. A new catalogue of projects that are eligible for green bond issuance has been issued.

Standard Chartered has joined 25 other signatories to the Poseidon Principles, a global framework that targets carbon emission cuts in the shipping industry.

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

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

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

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

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