All posts tagged "termination rights"
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573Capital / LiquidityISDA to Recognise China as Clean Netting Jurisdiction
ISDA plans to publish a legal opinion recognising China as a jurisdiction in which close-out netting can be applied, paving the way for a more diversified onshore derivatives transactions.
May 5, 2022 -
1.0KChinaChina Legislature Passes Futures and Derivatives Law
The final version of the law further improves derivatives trading supervision and specifies rules for foreign institutions operating in China.
April 21, 2022 -
658Hong KongHKMA Issues Guidance on Compliance with ‘Stay Rules’
The HKMA may issue directions to banks or their holding companies if it believes non-compliance with the Stay Rules (including by a related company) may impede orderly resolution.
December 31, 2021 -
337Capital / LiquidityMAS to Implement Contractual Recognition Requirement
Singapore banks have three years to ensure their foreign law financial contracts recognise MAS' temporary stay powers regarding termination rights.
November 3, 2021 -
459ChinaChina Expands Futures Law to Include OTC Derivatives
ISDA says the revised draft incorporates several comments it made in its submission to the consultation on the first draft.
October 28, 2021 -
572Capital / LiquidityHong Kong: ‘Stay Rules’ to Come into Operation on 27 August
Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.
June 28, 2021 -
230Capital / LiquidityKorean Cabinet Approves Rules on SIFI Resolution Plans
SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.
June 23, 2021 -
340Capital / LiquidityFSC Korea to Enhance Recovery and Resolution Regimes of SIFIs
SIFIs will have 3 months after designation to submit recovery plans to regulators. The FSC will have the authority to demand action from a SIFI in line with its recovery plan.
February 21, 2021 -
602Capital / Liquidity
HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021
Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.
January 4, 2021
