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.