All posts tagged "recognition"
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384Capital / LiquidityRBI to Require Banks to Use ECL Approach in Provisioning
Banks were initially due to use the ECL approach to estimate and provision for credit losses from 1 April 2018, but the RBI had deferred implementation.
June 28, 2022 -
329Australia & NZASIC Announces Updated Financial Reporting Rules for AFS Licensees
AFS licensees’ financial reports must contain disclosures consistent with the financial reports of other for-profit entities, prepared under AASB standards.
June 7, 2022 -
651Capital / LiquidityRBI Revises Classification Norms for Bank Investment Portfolios
The RBI proposes to divide banks' investment portfolios into three categories - held-to-maturity, available for sale, and fair value through profit and loss account.
January 19, 2022 -
654EuropeTokyo Exchange Obtains ESMA Recognition Under BMR
A total of 192 benchmarks administered by the TSE are listed as in scope, including key benchmarks TOPIX and JPX-Nikkei Index 400, as well as their sub-indices.
March 5, 2021 -
810EuropeIndustry Bodies Call For Delay to EU Third-country Benchmarks Regime
ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.
November 22, 2020 -
910EuropeESMA Extends UK CCP Recognition to Guard Against No-Deal Brexit
The 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, 2019 -
4.0KAsia-PacificAsian Benchmark Administrators Face ‘Perfect Storm’ in 2021
The BMR transition period is now scheduled to end alongside LIBOR's discontinuation, creating a "perfect storm" of regulatory change for benchmark administrators and users at end-2021.
December 17, 2019 -
719EuropeUPDATED – Bank of England Grants Recognition to Indian Clearing Corporations
The Metropolitan Clearing Corporation of India is the first Indian clearing corporation to receive recognition from under the UK's temporary recognition regime.
March 20, 2019 -
1.1KEurope
European Commission Unveils No-Deal Brexit Contingency Plan
The 14-point plan includes conditional equivalence for UK CCPs and CSDs as well as delegated regulations to facilitate the novation of OTC derivatives contracts.
December 21, 2018 -
1.1KEuropeIndustry Bodies Seek Clarity on Temporary Recognition of UK CCPs
ISDA, FIA, AFME and ICMA have written to the European Commission asking for greater clarity on proposed temporary equivalence and recognition of UK-based CCPs in a no-deal Brexit.
December 10, 2018
