Market Infrastructure

BNM Launches Shariah-compliant Benchmark Rate, MYOR-i

28/03/2022

The establishment of MYOR-i as the Islamic benchmark rate will be a catalyst in driving Islamic financial product innovation, BNM says.

Securities / Derivatives

Climate Impact X, Carbonplace Partner on Carbon Credit Trading

28/03/2022

The pilot will establish a framework for executing carbon credit transactions via Climate Impact X’s marketplace, with Carbonplace performing all settlements.

Fintech / Regtech

RBI Establishes Innovation Hub to Promote Fintech Innovation

27/03/2022

RBI governor Shaktikanta Das said the underlying focus of the innovation hub will be to promote inclusive access to financial services and products.

Capital / Liquidity

FSS Korea Asks Insurers to Increase Loss Reserves

27/03/2022

FSS governor Jeong Eun-bo has warned insurers of a possible “perfect storm” building for the industry, citing rising interest rates and the war in Ukraine.

Securities / Derivatives

OJK Calls on State-owned Enterprises to List on Stock Exchange

27/03/2022

To date, only 23 of Indonesia’s 82 state-owned enterprises have made public offerings in the capital market.

Capital / Liquidity

BOT to Cap Bank Investment in Digital Asset Businesses

27/03/2022

Thai banks will be allowed to invest up to 3 percent of capital in digital asset businesses. Such investment must also be ring-fenced from core banking operations.

Securities / Derivatives

LME Doubles Default Fund Size Amid Metals Volatility

27/03/2022

The default fund size will increase to from $1.1bn to $2.075bn, adding to financial strains experienced by brokers, traders and banks.

Securities / Derivatives

Speculation of Deal on Chinese Audits ‘Premature’, says PCAOB

27/03/2022

The PCAOB said it is unclear whether full access to relevant audit documentation will be granted, and that any agreement would only be a “first step”.

Fintech / Regtech

OECD Proposes Tax Reporting Framework for Crypto-assets

27/03/2022

The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.