MARKET INFRASTRUCTURE

ESG / Sustainability

Bursa Carbon Exchange Completes First Carbon Credit Auction

By Editors | 17/03/2023

15 buyers from various industries including banking purchased a total of 150,000 Verra-registered carbon credits in the inaugural auction.

Market Infrastructure

Google Cloud Joins FS-ISAC’s Critical Providers Programme

By Editors | 17/03/2023

The partnership is intended to bolster supply chain security and foster transparency within the financial sector.

Market Infrastructure

PBOC to Reduce ‘High Risk’ Institutions in Financial System

By Sanday Chongo Kabange | 16/03/2023

The PBOC will defuse “bombs” by reducing the number of high-risk institutions especially small and mid-sized financial institutions.

Market Infrastructure

US SEC Proposes New Requirements to Address Cyber Risks

By Editors | 16/03/2023

The proposals will enhance cyber and technology risk management requirements for key entities that underpin the US securities market.

Fintech / Regtech

US Announces July Launch Date for FedNow Service

By Editors | 16/03/2023

The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.

Fintech / Regtech

DTCC Offers New Tool to Facilitate LIBOR Transition

By Editors | 16/03/2023

Widespread usage of the tool will be “an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.

Market Infrastructure

Singapore Consults on Adjustment Spreads for Legacy SIBOR Contracts

By Editors | 15/03/2023

Steering Committee proposes to have a period of active transition until 30 April 2024, before banks initiate an industry-wide automatic conversion process around June 2024.

Market Infrastructure

FSC to Ease Rules to Help Korean FIs Expand Overseas

By Editors | 15/03/2023

New FSC taskforce will work on measures to help FIs expand and invest overseas and address issues that prevent global firms from entering the Korean market.

ESG / Sustainability

European Banks to Undergo Climate, Cyber Stress Tests

By Mark Johnston | 15/03/2023

European regulators have been asked to conduct a one-off climate risk scenario analysis. The ECB separately plans to launch a thematic stress test on cyber resilience.