International

Market Infrastructure

ICE White Paper Introduces New LIBOR Alternative

By Editors | 28/01/2019

The ‘US Dollar ICE Bank Yield Index’ is fully transaction-based and designed to measure the yields at which investors are willing to invest US dollar funds on a wholesale, unsecured basis.

Market Infrastructure

HKEX Enables Central Clearing for Deliverable FX Forwards, Swaps

By Manesh Samtani | 25/01/2019

Enabled by Traiana infrastructure, HKEX OTC Clear is offering the first clearing service for deliverable FX forwards and swaps in the USD/CNH and USD/HKD currency pairs.

Big Picture

ISDA Lays Out CCP Best Practices Following Nasdaq Default

By Garima Chitkara | 25/01/2019

Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.

Market Infrastructure

BIS Research Unit Offers Recommendations for Capital Market Development

By Editors | 24/01/2019

The report highlights the importance of macroeconomic stability, market autonomy, strong legal frameworks and effective regulatory regimes in supporting capital market development.

Capital / Liquidity

Basel Regulators Consider 2020 Initial Margin Relief

By Manesh Samtani | 21/01/2019

Although it is still unclear which of the proposals will be adopted, the industry sees the data as so compelling that regulators will recognise the need for some form of relief.

Capital / Liquidity

Principles on Liquidity Risk Management Remain ‘Fit For Purpose’ – BCBS

By Editors | 18/01/2019

Based on a review initiated in 2017, the Basel Committee says its 2008 Principles for Sound Liquidity Risk Management Supervision remain fit for purpose, while warning of risks ahead.

Fintech / Regtech

HSBC to Enable Blockchain-based FX Settlement Platform for Clients

By Editors | 15/01/2019

In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.

Securities / Derivatives

FMSB Issues Good Practices for Suspicious Transaction, Order Reporting

By Editors | 15/01/2019

The FICC Markets Standards Board has published the final version of its Statement of Good Practice on suspicious transaction and order reporting.

Capital / Liquidity

Basel Committee Eases Trading Book Capital Requirements for Banks

By Editors | 15/01/2019

The final revisions to the market risk framework reduces the amount of total market risk capital for banks’ trading books by almost half compared to the 2016 version.