Trading & Investment

Hong Kong, Shanghai Announce First ETF Cross-Listings

02/06/2021

The ETF cross-listing mechanism provides Chinese investors another avenue to access the Hong Kong market besides Stock Connect.

Payments & Settlements

FSB Proposes Global Targets for Enhancing Cross-border Payments

01/06/2021

The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

Trading & Investment

HKEX Waives Fees on Fixed Income & Money Market ETFs

01/06/2021

Trading tariffs and stock settlement fees have been waived for 29 fixed income and money market ETF trading counters.

Capital Adequacy

CCP12 Calls for Global Coordination on Basel III Timelines

01/06/2021

Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.

Trading & Investment

DBS, StanChart Execute First SORA Interbank Option Trade

31/05/2021

The interbank option trade was executed to manage market risk arising from a SORA interest rate option, which was also an industry first.

Reporting & Disclosures

G7 to Agree Global Corporate Tax at July Meeting – Report

31/05/2021

A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.

Sustainable Finance

Global Banks Form Steel Decarbonisation Working Group

31/05/2021

Six banks will define common standards of action for steel sector decarbonisation through a collective climate-aligned finance agreement.

Structural Regulation

Capital Markets Workforce Capped as Malaysia Enters Lockdown

31/05/2021

The banking, insurance, takaful and capital markets sectors will operate at 60 percent capacity during a 2-week lockdown starting 1 June.

Liquidity Risk

PBOC Eases Overseas Financing Limits for Foreign Banks

31/05/2021

The PBOC has reportedly relaxed cross-border leverage limits for local branches of foreign banks from 0.8 to 2.0.