International

Structural Regulation

IOSCO Highlights Need for Reliable Going Concern Disclosures

By Ranamita Chakraborty | 25/03/2021

Securities regulators will continue to enforce requirements to recognise, measure and disclose uncertainties about an entity’s ability to continue as a going concern.

ESG Data

ICMA Calls for ESG Metrics, Standards for Securitised Assets

By Editors | 25/03/2021

Unless ABS investors have better access to standardised and relevant data, they will be unable to appraise ESG risks and satisfy sustainability objectives.

Sustainable Finance

ISLA Pledges to Support ESG Objectives in Securities Lending

By Sanday Chongo Kabange | 24/03/2021

ISLA says it will lead workstreams on five key action points to help share the securities lending market’s response to ESG challenges.

Structural Regulation

Group of Seven Agrees to ‘Sizeable’ Increase in IMF Reserves

By Editors | 24/03/2021

The G7 has also agreed to work with the IMF to enhance transparency and accountability around the usage of SDRs.

Reporting & Disclosures

IFRS Foundation Forms Working Group to Converge Standards

By Editors | 23/03/2021

The working group will provide a forum for structured engagement with standard-setting bodies to converge their various sustainability reporting standards.

Climate Risk

Climate Risk & Regulation: A Race to the Top

By Manesh Samtani | 23/03/2021

Bill Coen, Chair of the IFRS Advisory Council and former BCBS Secretary General, speaks to Regulation Asia about initiatives underway to mitigate climate-related risk in the banking sector.

Market Abuse

CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation

By Editors | 23/03/2021

The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.

Clearing & Post-Trade

LCH Sets Dates for Conversion of SwapClear LIBOR Contracts

By Editors | 21/03/2021

Conversion of CHF, EUR and JPY LIBOR shall apply to SwapClear contracts outstanding on 3 December. Conversion of GBP LIBOR will apply to contracts outstanding on 17 December.

Anti-Money Laundering

FATF Seeks Stakeholder Views on Updated VASP Guidance

By Editors | 21/03/2021

Views are sought from academics, policy bodies, VASPs, technology developers and providers, other regulated entities such as banks, and authorities.