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.

Market Infrastructure

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.

Market Infrastructure

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.

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.

AML / KYC

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.

Securities / Derivatives

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.

Market Infrastructure

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.

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.

Securities / Derivatives

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.