FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.
January 23, 2020ESMA has granted non-EU issuers of securities and collateral a 12-month grace period before they are required to report LEIs under SFTR.
January 10, 2020The temporary recognition decisions for LCH, ICE Clear Europe and LME Clear have been extended to 30 March 2021, in case of a no-deal Brexit scenario.
December 27, 2019The work programme for 2020 reflects the evolving nature of the global financial system and associated risks to financial stability, the FSB says.
December 18, 2019Among the key features of successful cooperative arrangements are strong, trusted relationships between authorities and a willingness to exchange information.
December 12, 2019ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.
December 10, 2019The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.
December 10, 2019The CSRC has revised its rules for futures exchanges to align with new developments, existing futures market practices, and international standards, as well as to improve front-line supervision.
November 20, 2019The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.
November 15, 2019Since the previous report, member jurisdictions have made the most progress in adopting the NSFR, IRRBB, and large exposures framework.
October 21, 2019