Market Infrastructure

FSB Proposes Global Targets for Enhancing Cross-border Payments

01/06/2021

The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

Securities / Derivatives

HKEX Waives Fees on Fixed Income & Money Market ETFs

01/06/2021

Trading tariffs and stock settlement fees have been waived for 29 fixed income and money market ETF trading counters.

Capital / Liquidity

CCP12 Calls for Global Coordination on Basel III Timelines

01/06/2021

Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.

Market Infrastructure

DBS, StanChart Execute First SORA Interbank Option Trade

31/05/2021

The interbank option trade was executed to manage market risk arising from a SORA interest rate option, which was also an industry first.

ESG / Sustainability

G7 to Agree Global Corporate Tax at July Meeting – Report

31/05/2021

A G7 draft communique said a global minimum corporate tax will be agreed to help alleviate the strain on public finances.

Market Infrastructure

Global Banks Form Steel Decarbonisation Working Group

31/05/2021

Six banks will define common standards of action for steel sector decarbonisation through a collective climate-aligned finance agreement.

Capital Markets Workforce Capped as Malaysia Enters Lockdown

31/05/2021

The banking, insurance, takaful and capital markets sectors will operate at 60 percent capacity during a 2-week lockdown starting 1 June.

Capital / Liquidity

PBOC Eases Overseas Financing Limits for Foreign Banks

31/05/2021

The PBOC has reportedly relaxed cross-border leverage limits for local branches of foreign banks from 0.8 to 2.0.

Market Infrastructure

RBNZ Publishes Results of Data Breach Review by KPMG

31/05/2021

KPMG found that the use of file-sharing app Accellion FTA went beyond the acceptable use specified in the RBNZ’s own guidelines.