International

Market Infrastructure

IMF Publishes New Transparency Code for Central Banks

By Editors | 03/08/2020

The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.

Big Picture

Credit Stress Tests Critical to Safeguarding CCPs

By Editors | 03/08/2020

Stress testing is a crucial tool within a CCP’s toolbox for ensuring the stability, safety, and resilience of the financial market, says a new paper from CCP12.

ESG / Sustainability

Culture Audits: Removing the Blindfold

By Stephen Scott | 03/08/2020

To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.

Securities / Derivatives

Trade Bodies Jointly Commit to Tackling Market Inefficiencies

By Manesh Samtani | 30/07/2020

The inefficiencies result from a prevalence of customised, paper-based legal documentation, a lack of data standards, and inconsistent reporting requirements.

Market Infrastructure

ISDA Launches New Indicator to Monitor RFR Adoption in Derivatives

By Editors | 28/07/2020

The indicator is intended to help derivatives market participants keep tabs on progress to shift to risk-free rates ahead of the end of 2021, when LIBOR is due to be discontinued.

Big Picture

FMSB Examines Remote Working Risks in FICC Markets

By Editors | 28/07/2020

FMSB has published a Spotlight Review on the risks of undertaking financial services activities through new working arrangements, and measures to mitigate these risks.

ESG / Sustainability

CDSB Issues New Guidance to Mainstream Climate Reporting

By Manesh Samtani | 28/07/2020

The new Climate Guidance will help enhance reporting quality by addressing the lack of decision-useful material climate information for investors.

Securities / Derivatives

Why Do Electronic Traders Cancel Orders?

By Jamil Nazarali | 28/07/2020

Jamil Nazarali at Citadel Securities explains what ever-increasing speeds for issuing and canceling orders tell us about today’s market structure.

Market Infrastructure

Data: Fault Lines Criss-crossing Asia’s Capital Markets

By Matthew Chan | 27/07/2020

Global harmonisation and progressive thinking are needed to support data connectivity between markets, says Matthew Chan at ASIFMA.