International

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.

Capital / Liquidity

WWF Calls for Supervisory Action to Address Biodiversity Loss

By Manesh Samtani | 17/07/2021

Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report.

Capital / Liquidity

Climate Stress Tests Will Inform Supervisory Discussions

By Manesh Samtani | 17/07/2021

Climate stress test exercises will likely become the basis of supervisory discussions regarding bank business models, internal governance and risk management.

Securities / Derivatives

Exchanges Demonstrate Leadership in Sustainability Matters: WFE

By Editors | 17/07/2021

An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.

Market Infrastructure

ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives

By Editors | 16/07/2021

The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.