Market Infrastructure

HKMA Asks Banks to Bolster Corporate Awareness of LIBOR Cessation

13/07/2021

Banks are asked to distribute a leaflet to all corporate customers by 31 July 2021 and to send confirmation to the HKMA after the exercise is complete.

Big Picture

Multilateral Collaboration Essential for CBDC Development

13/07/2021

A new report from CPMI, BIS Innovation Hub, the IMF and the World Bank highlights the need for multilateral collaboration and interoperability between CBDCs.

ESG / Sustainability

International Organisations to Launch Climate Training Alliance

12/07/2021

The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.

Enforcement

RBI Penalises Fourteen Banks Over NBFC Lending

12/07/2021

The banks include Credit Suisse, Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra, IndusInd Bank, and Indian Bank, among others.

Securities / Derivatives

Korean Won Futures Set for Launch on Eurex-KRX Link

12/07/2021

The listing of USD/KRW Futures on the KRX-Eurex link will allow for continuous trading during Asian, European and North American market hours.

Securities / Derivatives

SEBI Proposes Tweaks to Dual Class Shares Framework

12/07/2021

SEBI proposes to allow superior voting rights shares to be issued to trusts and other corporate structures and to tweak other requirements.

BOT Adjusts ‘Debt Clinic’ Criteria, Extends Debtor Support

12/07/2021

Measures to help debtors have been extended to continue until December 2021, allowing them to make repayments according to their ability to repay.

Fintech / Regtech

PBOC Directs Banks to Enhance Lending Services for MSMEs

12/07/2021

Banks should also increase investment in inclusive fintech including big data, cloud computing and blockchain to improve loan efficiency, the PBOC said.

Fintech / Regtech

SFC, Canadian Regulators Establish Fintech Cooperation Agreement

12/07/2021

Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.