Payments & Settlements

HK, Mainland Expand Connectivity of Trade Finance Platforms

09/11/2021

Phase 1 connectivity supported exports to Hong Kong and imports from the Mainland, while phase 2 will cover exports to the Mainland and imports from Hong Kong.

Trading & Investment

IBA Publishes Production Version of SOFR ICE Swap Rate

09/11/2021

The US dollar SOFR ICE Swap Rate will help the USD non-linear derivatives market in its ongoing transition to SOFR, said IBA president Tim Bowler.

Clearing & Post-Trade

FIA Calls for Greater Standardisation in Futures, Options Markets

08/11/2021

FIA recommends forming an independent standards body to start developing standards for trading and clearing of exchange-traded derivatives.

Climate Risk

BIS Launches Climate Training Portal for Central Banks

08/11/2021

The training will initially cover climate-related risk drivers, transmission channels, measurement methodologies, bank stress testing, insurance sector supervision, and TCFD disclosures.

Conduct, Culture & Accountability

NZ FMA Expects Proactive Self-reporting of Misconduct Issues

08/11/2021

The minimum expectation for good conduct risk management is for firms to self-report potential breaches to the FMA, said acting general counsel Karen Chang.

Cloud & Infrastructure

MAS: SGFinDex Extended to Include Investment Holdings Data

08/11/2021

Individuals can now view information on their investment holdings at SGX’s central depository as part of their consolidated financial position.

Structural Regulation

HK to Introduce Licensing System for Agents Selling Foreign Property

08/11/2021

Under Hong Kong’s existing regime, estate agents who exclusively sell overseas properties are currently exempt from licensing requirements.

Payments & Settlements

Singapore, Philippines to Pursue Cross Border Payment Links

08/11/2021

MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.

Reporting & Disclosures

HKEX Issues Guidance on TCFD-aligned Climate Disclosures

08/11/2021

The guidance has been published to help listed companies prepare for TCFD-aligned climate change reporting, which will become mandatory in Hong Kong by 2025.