Market Infrastructure

Market Infrastructure

LIBOR Transition Work Needs to Accelerate in Early 2021: FSB

By Manesh Samtani | 21/11/2020

In a progress report on global transition efforts, the FSB highlights slower progress in loan markets, which it says must be addressed urgently.

Fintech / Regtech

Vietnam Working to Allow Cooperation With Foreign Firms in Payments

By Sanday Chongo Kabange | 21/11/2020

Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.

Fintech / Regtech

BSP Seeks Interoperability, Unified Standard in Payments

By Sanday Chongo Kabange | 21/11/2020

BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.

Market Infrastructure

APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC

By Manesh Samtani | 19/11/2020

New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.

Market Infrastructure

India’s Transition Away from LIBOR ‘Full of Challenges’

By Manesh Samtani | 19/11/2020

The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.

Capital / Liquidity

HKMA Consults on Local Implementation of Final Basel III Reforms

By Editors | 19/11/2020

The consultation is open until 6 January 2021, ahead of industry engagement in 2021, legislative amendments in 2022, and a 1 January 2023 target implementation date.

Capital / Liquidity

Progress of G-SIBs Toward Resolvability Deemed Satisfactory: FSB

By Editors | 19/11/2020

Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.

ESG / Sustainability

Exchanges to Support Investor Need for Climate Disclosures: UN SSE

By ESG Investor | 18/11/2020

The United Nations Sustainable Stock Exchange is looking to publish climate-related reporting guidelines next year.

ESG / Sustainability

Getting to Grips with the EU Taxonomy Regulation

By Daniel Flatt | 18/11/2020

Designed to deter greenwashing, will the new classification system release asset owners to invest sustainably?