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Press Release
Regulation Asia Awards for Excellence 2021 – Results Announcement
By Editors | 10/12/2021
Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.
Press Release
ISDA Named Industry Association of the Year
By Editors | 10/12/2021
ISDA was recognised for its work on LIBOR transition, initial margin compliance, Basel III benchmarking, digitisation initiatives, a new digital documentation platform, and ESG standards.
Press Release
ISDA Awarded Best LIBOR Transition Solution for Fallbacks Work
By Editors | 10/12/2021
The ISDA IBOR Fallbacks Protocol enables market participants to incorporate robust fallbacks into legacy trades referencing LIBOR, significantly mitigating systemic risk.
Big Picture
ISDA Calls for Legal Clarity on Voluntary Carbon Credits
By Sanday Chongo Kabange | 06/12/2021
Legal clarity across jurisdictions would support the drafting of standardised documentation for a voluntary carbon credit OTC derivatives market.
Capital / Liquidity
CBIRC Issues Clarification on Close-out Netting Enforceability
By Manesh Samtani | 02/12/2021
The CBIRC seeks to clarify the enforceability of close-out netting in China, saying the labelling of the country as a “non-netting jurisdiction” has harmed its financial institutions.
Market Infrastructure
Australia to Drop LIBOR in Cross Currency Swaps Trading
By Manesh Samtani | 29/11/2021
BBSW/LIBOR will shift to BBSW/SOFR in cross currency basis swaps trading, though the move presents challenges inherent to an IBOR/RFR pairing.
Market Infrastructure
Japan Unveils Decisions on Treatment of Legacy LIBOR Contracts
By Manesh Samtani | 23/11/2021
Synthetic JPY LIBOR may be used if the contracting parties agree to do so, as well as in “exceptional cases” where it is difficult to proceed with negotiations.
Market Infrastructure
FCA Confirms Rules on Using Synthetic GBP and JPY LIBOR
By Manesh Samtani | 16/11/2021
Synthetic GBP and JPY LIBOR rates will be published until end-2022 and can be used in all legacy LIBOR contracts other than cleared derivatives.
Capital / Liquidity
MAS to Implement Contractual Recognition Requirement
By Mark Johnston | 03/11/2021
Singapore banks have three years to ensure their foreign law financial contracts recognise MAS’ temporary stay powers regarding termination rights.
Securities / Derivatives
China Expands Futures Law to Include OTC Derivatives
By Editors | 28/10/2021
ISDA says the revised draft incorporates several comments it made in its submission to the consultation on the first draft.
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