Credit Risk

Industry Body Outlines Best Practices in CCP Credit Risk Management

08/05/2021

The best practices cover governance, model validation, annual credit reviews, operational capabilities, risk management, and portfolio monitoring.

Conduct, Culture & Accountability

FMSB Publishes Final Standard on Execution of Large Trades

07/05/2021

The Standard establishes principles for how dealers should behave when executing large trades to mitigate market impacts, conduct risks and conflicts of interest.

Alternative Markets

HK Insurance Authority Unveils Details of ILS Grant Scheme

07/05/2021

Onshore and offshore sponsors of insurance-linked securities are eligible for the grant scheme, capped at HK$12mn per issuance.

AI Risk & Governance

SGX RegCo Deploys AI & Machine Learning to Detect Risk

06/05/2021

SGX RegCo is adapting information from companies’ disclosures into structured data that can be more quickly analysed.

Trading & Investment

US Banks Execute First BSBY-Linked Swaps Transaction

06/05/2021

Bank of America and JPMorgan Chase entered into a $250mn one-year basis swap with one side tied to BSBY, the other to SOFR.

Structural Regulation

New Zealand Passes Financial Market Infrastructures Bill

06/05/2021

The Bill provides the RBNZ and FMA with comprehensive regulatory, supervisory, enforcement, and crisis management powers in respect of important FMIs.

Reporting & Disclosures

Japan to Incorporate Human Rights in Governance Code – Report

06/05/2021

Authorities will be pushing companies to root out potential forced labour and human trafficking abuses in their supply chains.

Operational Risk

China SOEs Directed to Rein In Unauthorised Derivatives Trading

06/05/2021

SOEs are directed to ensure their subsidiaries are qualified and properly approved to trade financial derivatives, and able to manage the associated risk.

Sustainable Finance

MAS Launches FinTech Hackcelerator Focused on Green Finance

06/05/2021

Fintech firms and solution providers are invited to submit innovative solutions to address any of 52 problem statements related to green finance.