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Market Infrastructure
RBI Amends FX Rules for Exports to Facilitate LIBOR Transition
29/09/2021
Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.
Market Infrastructure
Singapore Seeks to Become Global Hub for Carbon Trading
29/09/2021
To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.
MAS Publishes Compliance Toolkit for Trust Companies
28/09/2021
The toolkit provides guidance on applications to be submitted to MAS for approval, as well as notifications and reporting requirements.
ESG / Sustainability
BOK to Boost Investment in ESG-related Stocks, Bonds
28/09/2021
The BOK will exclude companies and sectors with low ESG scores from its investment universe in its foreign currency reserves management.
Market Infrastructure
20 HK Banks Apply to Participate in Wealth Connect – Report
28/09/2021
Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA’s approval.
Market Infrastructure
ANNA Service Bureau Receives Infrastructure Upgrade
28/09/2021
The enhancements will provide more effective tools for data management, including streamlined data processing and improved communication between contributors.
Securities / Derivatives
HKEX Goes Live with New Market Access Platform
28/09/2021
The new central gateway offers “improved performance and reduced latency” compared with the vendor-supplied platform it replaces, HKEX said.
Market Infrastructure
BNM Announces Launch of New Reference Rate MYOR
28/09/2021
The MYOR will run in parallel to the existing KLIBOR, although publication of the lesser referenced two- and 12-month KLIBOR tenors will be discontinued.
Securities / Derivatives
CSRC Approves Neuberger Berman China Fund Business
28/09/2021
Neuberger Berman becomes just the third foreign fund manager to be granted approval for a domestic mutual fund business after BlackRock and Fidelity.
ESG / Sustainability
BOJ to Finance Banks’ Green Loans, Green Bond Investments
28/09/2021
Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.
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