International

Market Infrastructure

CME Proposes Early Conversion of Eurodollar Futures, Options

By Editors | 06/09/2022

The proposed 13 April 2023 conversion date is intended to help firms complete their operational work as early as possible in the LIBOR-to-SOFR transition process.

Capital / Liquidity

Phase 6 of Initial Margin Rules Take Effect

By Editors | 06/09/2022

The final phase of UMR implementation brought into scope approximately 800 firms, including many more buy-side firms than in previous phases.

AML / KYC

Gold Producer Becomes Second Russian Firm to Issue CNY Bonds

By Editors | 05/09/2022

Russia is now in third place on a list of non-mainland jurisdictions using the yuan for global payments, after Hong Kong and the UK.

Securities / Derivatives

Russia Bond CDS Auction to Be Held on 12 September

By Editors | 04/09/2022

The amounts holders of CDS on Russian debt are likely to receive has reportedly dropped by about a third since early June.

ESG / Sustainability

IOSCO Offers Guidance on Educating Investors About ESG

By Editors | 01/09/2022

Regulators should help investors better understand ESG certifications, labels and scores, and facilitate financial advisor anti-greenwashing training.

Market Infrastructure

ORX, McKinsey Launch Operational Risk Control Library

By Editors | 01/09/2022

The ORX Reference Control Library contains 761 typical operational risk controls based on data collected from nearly 50 banks and insurers.

Fintech / Regtech

SWIFT Applies Data Intelligence to Remove Payment Friction

By Editors | 01/09/2022

SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.

AML / KYC

Iran Passes Law Authorising Use of Crypto for Imports

By Editors | 01/09/2022

The new law formally allows government and local businesses to use cryptocurrencies as payment for imports.

Market Infrastructure

IBA Consults on Cessation of USD LIBOR ICE Swap Rate

By Editors | 31/08/2022

USD SOFR ICE Swap Rate settings are available for the same tenors for use as a benchmark in financial contracts and instruments.