Market Infrastructure

ASX Extends Go-live of CHESS Replacement to April 2023

29/10/2020

The one-year extension over what was proposed in June reflects a need for more post-trade processing capacity, highlighted by March’s extreme increases in trading volumes.

AML / KYC

HKAA Sanctions Impact ‘Relatively Muted’, For Now: IIF

29/10/2020

One of the main concerns for Chinese banks is that a loss of access to dollar finance could hamper their ability to lend to corporate customers that rely on USD financing.

Market Infrastructure

China Explores Rule Relaxations to Facilitate Cross-Border Investment

28/10/2020

China’s regulators are working to further relax restrictions on cross-border investment and create new channels for domestic and foreign investors alike.

ESG / Sustainability

China Outlines Ambitious Plan on Climate Investment and Finance

27/10/2020

The plan, backed by five government agencies, includes the introduction of a carbon market and two-way cross-border participation in green finance and climate-friendly investment.

Fintech / Regtech

HKMA Chief Hints at New Data Platform to Facilitate SME Lending

27/10/2020

Banks can more precisely and objectively assess SME credit risk with access to more data, such as trading and turnover statistics, says HKMA chief Eddie Yue.

Market Infrastructure

Singapore Publishes Timelines, Guidance to Support Transition to SORA

27/10/2020

Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.

AML / KYC

FATF to Drive Digital Transformation of AML/CFT Systems

26/10/2020

Digital transformation of AML/CFT systems will help to ensure their resilience in future and build their efficiency, the FATF says.

Capital / Liquidity

MAS Proposes Amendments to RMO Capital Requirements

26/10/2020

MAS proposes to introduce a direct liquidity requirement for recognised market operators, and to revise downward the solvency requirement.

Market Infrastructure

GFXC to Complete FX Global Code Review by Mid-2021

23/10/2020

Among the key issues in the FX market has been settlement risk, given the increasing number of trades being settled without PvP protection, says RBA deputy governor Guy Debelle.