INTERNATIONAL

ESG / Sustainability

IOSCO Proposes Recommendations for ESG Ratings, Data Providers

By ESG Investor | 27/07/2021

IOSCO proposes recommendations to address the risks and challenges associated with products and services from ESG ratings and data providers.

Market Infrastructure

GFXC Updates FX Global Code to Promote PvP Settlement

By Manesh Samtani | 27/07/2021

The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.

Market Infrastructure

ISDA to Implement Fallbacks for GBP & USD LIBOR ICE Swap Rates

By Manesh Samtani | 25/07/2021

A consultation on whether ISDA should implement fallbacks for GBP and USD LIBOR ICE Swap Rates received support from a “significant majority” of respondents.

Market Infrastructure

ARRC Endorses Shift to RFRs for Cross-currency Basis Swaps

By Manesh Samtani | 23/07/2021

From 21 September, interdealer trading in cross-currency basis swaps between USD, JPY, GBP and CHF would reference each currency’s RFR.

Market Infrastructure

ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks

By Editors | 22/07/2021

The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.

ESG / Sustainability

IIF Publishes Guidance for Scenario-based Climate Risk Measurement

By Ranamita Chakraborty | 22/07/2021

The IIF has developed a set of reference approaches to be used by supervisors and banks as blueprints when designing their SCRM approaches.

Market Infrastructure

CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans

By Editors | 22/07/2021

Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.

Capital / Liquidity

BCBS to Amend Process for Reviewing G-SIB Methodology

By Editors | 21/07/2021

The BCBS plans to replace the existing three-year review cycle of the assessment methodology with a process of ongoing monitoring and review.

AML / KYC

SFC Issues Warning on Unregulated Virtual Asset Platforms

By Editors | 18/07/2021

Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.