News Centre

VERMEG Launches Colline.Cloud To Help Small And Medium Sized Firms Meet New Uncleared Margin Rules (UMR) Deadline

Date 18/11/2020

• 12-month delay in the implementation of final phases of the global regulations for UMR gives smaller buy and sell-side firms a critical window in which to find strategic solutions to avoid non-compliance with the regulations 
• Colline.Cloud provides a cloud-based platform to meet UMR guidelines and is automated and adaptable, with rapid onboarding

UK Financial Conduct Authority Consults On New Benchmarks Powers

Date 18/11/2020

ICE Benchmark Administration (IBA), the FCA-regulated and authorised administrator of LIBOR, has today announced that it will consult on its intention that the euro, sterling, Swiss franc and yen LIBOR panels would, subject to confirmation following IBA’s consultation, cease at end-2021. 

Moscow Exchange: Risk Parameters Change For The Security RU000A0JUG98

Date 18/11/2020

As per the Securities market risk parameters methodology, on 18.11.2020, 10-32 (MSK) the lower bound of the price band (up to 93.2) and initial margins (up to 11.25 %) for the security RU000A0JUG98 were changed. New values are available here

ICE Benchmark Administration To Consult On Its Intention To Cease The Publication Of GBP, EUR, CHF And JPY LIBOR

Date 18/11/2020

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announces that ICE Benchmark Administration Limited (IBA) will consult on its intention to cease the publication of all GBP, EUR, CHF and JPY LIBOR settings. Discussions involving IBA, the Financial Conduct Authority (FCA), other official sector bodies and the panel banks are continuing regarding the future of USD LIBOR.

JPX/TSE’s “Practical Handbook For ESG Disclosure” Receives UNCTAD Award

Date 18/11/2020

In March 2020, Japan Exchange Group (JPX) and Tokyo Stock Exchange (TSE) released a “Practical Handbook for ESG Disclosure” to support listed companies’ voluntary disclosure of ESG-related information. This Handbook has now been announced as an honouree of the United Nations Conference on Trade and Development (UNCTAD) ISAR Honours.

New Zealand Financial Markets Authority Seeks Feedback On Industry Guidance For Advertising Financial Products

Date 18/11/2020

The Financial Markets Authority (FMA) has opened consultation on proposed guidance about advertisements for financial products.

Singapore Cryptocurrency Industry Association ACCESS Completes Independent Assessment Of CoolBitX’s Sygna Bridge - Sygna Bridge Is The First FATF Travel Rule Solution To Be Evaluated Under Assessment Framework Based On Requirements Of Singapore’s Payment Services Act

Date 18/11/2020

Sygna Bridge, the market-ready solution designed for Virtual Asset Service Providers (VASPs) to meet the Financial Action Task Force (FATF) Recommendation 16’s “Travel Rule”, has become the first FATF Travel Rule solution to complete an independent assessment by The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS). The independent assessment evaluated the operational capability of Sygna Bridge version 2.0 between 20 August and 25 September 2020, considering risk management, transaction monitoring and compliance reporting in accordance with the requirements set out under Singapore’s Payment Services Act (PSA).

U.S. Chamber Applauds White House's Release Of AI Regulatory Guidance

Date 18/11/2020

Executive Vice President of the U.S. Chamber’s Technology Engagement Center Tom Quaadman issued the following statement this evening in response to the White House’s release of regulatory guidance on the use of artificial intelligence:

Getting On With It - Keynote Address By Karen Chester, Acting Chair, ASIC At The AFR Banking & Wealth Summit, Wednesday 18 November 2020

Date 17/11/2020

Good morning.

Let me begin by acknowledging the Traditional Owners of the many lands upon which we gather today, and for me the peoples of the Kulin Nation, and pay my respects to Elders past, present and emerging.

ISDA derivatiViews: The Brexit End Game

Date 17/11/2020

As we approach the sharp end of the Brexit process, a bit more clarity has emerged on how cross-border derivatives business between UK and EU participants will work. Last week, UK chancellor Rishi Sunak announced a series of unilateral equivalence decisions, meant to ensure some level of continuity for UK entities trading with EU firms after the end of the Brexit transition period on December 31, 2020. But there are still some glaring gaps that haven’t been addressed by either the UK or EU, including equivalence for trading venues.