Conduct, Culture & Accountability

IMF Ends Data Manipulation Probe Into Kristalina Georgieva

14/10/2021

The IMF’s executive board reaffirmed its “full confidence” in Georgieva after it could not “conclusively demonstrate” that she played an improper role at the World Bank.

Clearing & Post-Trade

JSCC Sets Date for Bulk Conversion of LIBOR Swaps

14/10/2021

Japan Securities Clearing Corporation will conduct a bulk conversion exercise during the weekend of 4–5 December to convert JPY LIBOR contracts to TONA contracts.

Payments & Settlements

More Than 100 Banks Sign On to Adopt ‘SWIFT Go’

14/10/2021

SWIFT Go is an instant cross-border payments service for SMEs and retail customers that was launched at seven banks in July.

Trading & Investment

MAS Tightens Monetary Policy Amid Inflation Concerns

14/10/2021

MAS will slightly raise the slope of the S$NEER policy band to ensure medium term price stability while recognising the risks to the economic recovery.

Data Privacy

RBI to Allow Foreign Banks to Store Limited Data Overseas

14/10/2021

Following meetings with foreign banks, the RBI will allow certain static data to be stored in offshore locations for AML and sanctions screening purposes.

Trading & Investment

Shenzhen, Guangdong Issue First-ever Offshore Bonds

14/10/2021

Shenzhen and Guangdong have become the first local government authorities in China to issue RMB-denominated bonds in offshore markets.

Payments & Settlements

Cross-border Payments Roadmap Remains Firmly on Track: FSB

14/10/2021

The FSB has published a progress report on work to enhance cross-border payments as outlined in the G20 Roadmap last year.

Supervision & Enforcement

RBNZ Consults on Approach to Enforcement Decision-making

14/10/2021

A new consultation paper seeks feedback on the principles and criteria which will guide the RBNZ’s enforcement decision-making process moving forward.

Trading & Investment

SEBI Orders Mutual Funds to Direct More Trades to RFQ Platforms

13/10/2021

From 1 December, 25% of mutual funds’ corporate bond trades must be directed through RFQ platforms of stock exchanges.