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Market Infrastructure
FSB Works to Develop Cyber Incident Best Practice Toolkit for FIs
By Manesh Samtani | 29/05/2019
In a progress update to the G20, the FSB said it is working to identify and develop effective practices for financial institutions to respond to and recover from cyber incidents.
Market Infrastructure
Decline in Correspondent Banking is Universal – CPMI
By Editors | 28/05/2019
Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.
Market Infrastructure
FSB Seeks Feedback on Effects of Too-Big-To-Fail Reforms
By Editors | 27/05/2019
The FSB is asking if too-big-to-fail reforms have reduced the systemic and moral hazard risks associated with SIBs, and if they affect the functioning of overall the financial system.
Market Infrastructure
MAS, ABS Form Culture and Conduct Steering Group
By Garima Chitkara | 23/05/2019
The steering group will identify best practices, monitor trends and emerging issues, and collaborate on initiatives to promote strong culture and conduct.
ESG / Sustainability
Japan TCFD Consortium Set for 27 May Inauguration
By Editors | 22/05/2019
The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.
Market Infrastructure
ISDA Launches Two More Consultations on Benchmark Reform
By Garima Chitkara | 21/05/2019
ISDA is consulting on fallback adjustments for USD LIBOR, HIBOR and Canada’s CDOR. It is also proposing to include the SOFR in Singapore’s SOR calculation following USD LIBOR’s cessation.
Market Infrastructure
Japanese Firms Ally in Support of Climate Risk Transparency
By Editors | 17/05/2019
The Japanese consortium adds nearly 100 more companies, including banks, to the growing list of firms that support the TCFD recommendations on climate risk disclosures.
Big Picture
Financial Sector Cyber Resilience Relies on Global Cooperation – FSB
By Editors | 12/05/2019
Successful cooperation on cyber security will enhance financial sector resilience and prevent fragmentation, said the FSB’s secretary general Dietrich Domanski in speech to the G7.
Market Infrastructure
Australia Seeks Mandatory Carbon Risk Reporting by 2021
By Editors | 10/05/2019
A green political party in Australia has announced a new policy that will make carbon risk reporting mandatory for banks, insurers, super funds and the largest listed companies in 2021.
Capital / Liquidity
10 Major Chinese Banks Planning Perpetual Bond Issuances
By Editors | 03/05/2019
Following BOC’s perpetual bond issuance in January, 10 more Chinese banks have announced plans to issue similar bonds, including ABC, ICBC and CCB.
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