International

Market Infrastructure

Industry Bodies Call For Delay to EU Third-country Benchmarks Regime

By Editors | 22/11/2020

ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.

Market Infrastructure

March Market Turmoil Highlighted MMF Vulnerabilities: IOSCO 

By Manesh Samtani | 22/11/2020

In a new report, IOSCO highlights the need for further reform to address vulnerabilities in certain types of non-public money market funds.

Market Infrastructure

LIBOR Transition Work Needs to Accelerate in Early 2021: FSB

By Manesh Samtani | 21/11/2020

In a progress report on global transition efforts, the FSB highlights slower progress in loan markets, which it says must be addressed urgently.

AML / KYC

JP Morgan Becomes Global LEI System’s First Validation Agent

By Editors | 19/11/2020

JP Morgan issued the first LEI under the new Validation Agent model with LEI issuer, Business Entity Data, a wholly-owned subsidiary of DTCC.

Capital / Liquidity

Progress of G-SIBs Toward Resolvability Deemed Satisfactory: FSB

By Editors | 19/11/2020

Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.

ESG / Sustainability

Exchanges to Support Investor Need for Climate Disclosures: UN SSE

By ESG Investor | 18/11/2020

The United Nations Sustainable Stock Exchange is looking to publish climate-related reporting guidelines next year.

ESG / Sustainability

FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead

By Manesh Samtani | 17/11/2020

In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.

Capital / Liquidity

FSB Finalises Guidance on Assessing CCP Financial Resources

By Editors | 16/11/2020

The guidance will support jurisdictions and authorities in determining whether there is a gap in the resources and tools available for CCP resolution.

Market Infrastructure

Ransomware Attacks Present a Growing Threat to FIs: FS-ISAC

By Editors | 15/11/2020

Even with robust cybersecurity programmes, large institutions are vulnerable to attacks through third-party suppliers. Smaller institutions are at even greater risk.