Market Infrastructure

ASIFMA Publishes IBOR Transition Guide for Asia

14/07/2020

The guide provides an overview of issues for FIs to consider in their LIBOR transition programmes and an implementation checklist.

ESG / Sustainability

FSDC Proposes Measures to Advance Hong Kong as ESG Hub

14/07/2020

Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional investors, the FSDC says.

Big Picture

CPMI Publishes Stage 2 Report on Enhancing Cross-Border Payments

14/07/2020

The report identifies 19 building blocks where further joint public and private sector work could enhance cross-border payments.

Capital / Liquidity

CBIRC Warns of Worsening Asset Quality, Rising Bad Loans

13/07/2020

NPLs will appear in the next period and rise, the CBIRC said, citing deteriorating asset quality, accumulated risks and weaker profitability at small and medium-sized banks.

Market Infrastructure

OCBC Launches First SORA-based Home Loan Package

13/07/2020

The 90-Day SORA home loan package is available to buyers of completed private properties with a minimum loan size of S$1mn.

Market Infrastructure

Thailand Proposes Rule Changes to Enable Hong Kong MRF

13/07/2020

The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.

Fintech / Regtech

FSC Korea Opens Applications for New MyData Licences

13/07/2020

MyData businesses will allow financial firms and fintechs to offer financial advice to customers using the data they make available through the MyData platform.

Market Infrastructure

SFTR Reporting Regime Goes Live for Sell-Side Firms

13/07/2020

Banks, investment firms, CSDs and CCPs started reporting securities financing transactions to approved trade repositories on Monday.

AML / KYC

China Imposes Retaliatory Sanctions Against US Officials

13/07/2020

The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.