Fintech / Regtech

China MIIT Issues Plans for Expansion of Big Data Industry

14/12/2021

The plan includes measures to establish a market-oriented data pricing mechanism, strengthen data governance and security, and establishment data trading platforms.

ESG / Sustainability

BOJ to Assess Market Functioning in Relation to Climate

14/12/2021

The BOJ will gather stakeholder views on how climate-related risks and opportunities are reflected in stock and bond prices and how to develop the ESG bond market.

Market Infrastructure

SWIFT Message Translation to Facilitate ISO 20022 Migration

14/12/2021

New service translates ISO 20022 messages to MT for banks that are not ready to process ISO 20022, which goes live in November 2022.

Capital / Liquidity

FSB Takes Stock of Approaches to Operationalising Bail-in

14/12/2021

In a new paper, the FSB provides an overview of practices, operational processes and arrangements as part of the bail-in process.

Market Infrastructure

FSB Explores Impact of Data Regulation on Cross-border Payments

14/12/2021

The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.

Market Infrastructure

RBI to Require LEI Use in Large Cross-border Transactions

14/12/2021

From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.

Capital / Liquidity

PBOC Raises Forex Reserve Requirement for Banks

14/12/2021

The move will force Chinese banks to more foreign currency at the central bank, and help to contain the renminbi’s appreciation.

AML / KYC

Parallel Myanmar Government Recognises Tether as Official Currency

14/12/2021

The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.

ESG / Sustainability

Thai SEC Consults on Disclosure Guidance for SRI Funds

13/12/2021

Disclosures should include an investment strategy that details the securities analysis and selection process and investment benchmarks used.