International

Capital / Liquidity

Centralised Valuation Engine: An Uplift to Compliance & Decision Making

By Manesh Samtani | 27/07/2021

The benefits of a centralised valuation engine for derivatives portfolios have become more apparent for banks amid the pandemic and as the final Basel requirements loom.

Fintech / Regtech

New Body Formed to Promote Open Standards for Capital Markets

By Sanday Chongo Kabange | 27/07/2021

The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.

ESG / Sustainability

IOSCO Proposes Recommendations for ESG Ratings, Data Providers

By ESG Investor | 27/07/2021

IOSCO proposes recommendations to address the risks and challenges associated with products and services from ESG ratings and data providers.

Market Infrastructure

GFXC Updates FX Global Code to Promote PvP Settlement

By Manesh Samtani | 27/07/2021

The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.

Market Infrastructure

ISDA to Implement Fallbacks for GBP & USD LIBOR ICE Swap Rates

By Manesh Samtani | 25/07/2021

A consultation on whether ISDA should implement fallbacks for GBP and USD LIBOR ICE Swap Rates received support from a “significant majority” of respondents.

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.