Abbreviations and acronyms

ABCP

asset backed commercial paper

ACSI

Australian Council of Superannuation Investors

AI

authorised institution

AIMA

Alternative Investment Management Association

APIs

application program interfaces

APs

authorised participants

ASIC

Australian Securities and Investments Commission

BIAC

Business and Industry Advisory Committee to the OECD

BRRD

Bank Recovery and Resolution Directive

CDO

collateralised debt obligation

CLO

collateralised loan obligation

CoCo

contingent convertible

DB

defined benefit (a pension arrangement where benefits are linked through a formula to the members' wages or salaries, length of employment, or other factors.)

DC

defined contribution (pension plans to which fixed contributions are paid and there are no legal or constructive obligations for the sponsor to pay further contributions in the event of unfavourable plan experience.)

DEA

direct electronic access

EBITDA

earnings before interest, taxes, depreciation, and amortization

ECB

European Central Bank

EM

Emerging market

EME

Emerging market economy

ESG

environmental, social and governance

ETF

exchange traded fund

EU

European Union

FCA

Financial Conduct Authority

FCPA

Foreign Corrupt Practices Act

FDI

foreign direct investment

FinCoNet

International Network on Financial Consumer Protection

FSB

Financial Stability Board

FX

Forex

G20

Group of 20 (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Korea, Turkey, the United Kingdom, United States and the European Union)

GDP

gross domestic product

GDPR

General Data Protection Regulation

GT

gross tonnage

HFT

high-frequency trading

IAASB

International Auditing and Assurance Standards Board

ICT

information and communication technology

IESBA

International Ethics Standards Board for Accountants

IFAC

International Federation of Accountants

IFSWF

International Forum of Sovereign Wealth Funds

IMF

International Monetary Fund

IOSCO

International Organization of Securities Commissions

MAS

Monetary Authority of Singapore

MiFID

Markets in Financial Instruments Directive

OECD

Organisation for Economic Co-operation and Development

PAYG

pay-as-you-go (Unfunded pension plans that are financed directly from contributions from the plan sponsor or provider and/or the plan participant.)

PPP

public-private partnership

PRI

Principles for Responsible Investment

PTF

principal trading firms

RBC

Responsible Business Conduct

S&P 500

Standard & Poor’s 500-stock index

SDGs

sustainable development goals

SEC

Securities and Exchange Commission

SIV

structured investment funds

SME

small and medium-sized enterprise

SOE

state-owned enterprise

STOXX 600

The STOXX Europe 600 Index is derived from the STOXX Europe Total Market Index (TMI).

TUAC

Trade Union Advisory Committee to the OECD

WTO

World Trade Organization

Abbreviations and acronyms