International

    Market Infrastructure

    Credit Sensitive Alternatives to RFRs Have Limited Durability: Bailey

    By Manesh Samtani | 17/05/2021

    Non-financial borrowers may not want their cost of borrowing to be driven by thin liquidity in CP and CD markets, says BOE governor Andrew Bailey.

    ESG / Sustainability

    COP Presidency Calls for Ambitious Climate Commitments

    By Editors | 16/05/2021

    Private financial institutions are encouraged to join a net zero alliance, publish transition plans, phase out of coal, and commit to nature-positive finance.

    Big Picture

    SWIFT, Accenture Explore Real-world Implications of CBDCs

    By Sanday Chongo Kabange | 13/05/2021

    SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

    Capital / Liquidity

    Resolution Authorities Should Have Operational Independence: BIS

    By Ranamita Chakraborty | 12/05/2021

    The institutional location of the resolution function is commonly the central bank, prudential supervisor or deposit insurer. This decision often entails trade-offs.

    Market Infrastructure

    DSB Launches Second Consultation on UPI Fee Model

    By Manesh Samtani | 12/05/2021

    The consultation covers UPI data access mechanisms, file download timing, user fees, a proposed contingency fund, cost allocation, invoicing, and capex amortisation.

    Securities / Derivatives

    CFA Institute Launches Working Group to Examine SPACs

    By Sanday Chongo Kabange | 11/05/2021

    The working group will publish a report in early 2022 and present its findings and policy recommendations, to US and global regulators.

    Big Picture

    How Derivatives Exchanges Can Promote Sustainable Development

    By Ranamita Chakraborty | 11/05/2021

    A new report from the WFE and the UN’s SSE Initiative offers guidance on how derivatives exchanges can facilitate the sustainability transition.

    Big Picture

    WEF Publishes Report Outlining Capital Market Use Cases of DLT

    By Sanday Chongo Kabange | 10/05/2021

    The report calls for a balance between innovation and market safeguards through standardisation, the breaking down of silos and regulatory engagement.

    Capital / Liquidity

    Standard-setters Examine Margin Practices of Market Participants

    By Editors | 08/05/2021

    Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.

    ESG / Sustainability

    BIS Innovation Hub, Bank of Italy Launch G20 TechSprint

    By Editors | 08/05/2021

    Private firms are invited to develop technological solutions to address operational problems in green and sustainable finance.

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