International

Market Infrastructure

Some USD LIBOR Settings May Continue Past End-2021

By Manesh Samtani | 01/12/2020

ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.

Capital / Liquidity

BCBS Oversight Body Closes Off Basel III Policy Agenda

By Editors | 30/11/2020

A coordinated approach to mitigating Covid-19 risks will be adopted. Capital and liquidity buffer drawdowns are encouraged. Future adjustments to Basel III will be limited.

Securities / Derivatives

IASB Consults on Accounting Standard for Intra-group M&A

By Editors | 30/11/2020

IFRS 3 Business Combinations does not specify how to report transactions involving transfers of businesses between companies within the same group, leading to diversity in practice.

Market Infrastructure

DSB Calls for Asian Members to Join Product Committee

By Editors | 29/11/2020

The DSB seeks to expand its Product Committee membership to include more OTC derivatives users from Asia to further broaden industry collaboration geographically.

Market Infrastructure

CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing

By Editors | 29/11/2020

The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.

AML / KYC

FTSE Russell, MSCI Consult on Impact of China Sanctions

By Manesh Samtani | 26/11/2020

FTSE Russell is seeking views on the impact of the sanctions on its indexes. MSCI is asking about the impacts on investment processes.

Capital / Liquidity

BCBS Amends Capital Treatment of Securitisations of NPLs

By Editors | 26/11/2020

NPL securitisation exposures will be subject to 100% risk weight or higher, except for those risk-weighted using the external ratings-based approach.

Market Infrastructure

ORX Expands Operational Risk Taxonomy for Financial Services

By Editors | 26/11/2020

The 2020 iteration of the taxonomy has been extended to include operational risks causes and impacts, to allows firms to add context to their data.

Securities / Derivatives

IOSCO Outlines Priority Areas of Work for Year Ahead

By Editors | 25/11/2020

At its 45th Annual Meeting, the IOSCO Board approved two additional priority themes for 2021 as well as further work to promote consistent sustainable finance disclosures.