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Market Infrastructure
Hong Kong, Macau Enable Real-time Payments Between Banks
By Editors | 03/11/2022
Macau already has a local RTGS system for local payments denominated in HKD. The new system enables real-time settlement of HKD payments between Macau and Hong Kong banks.
Crypto / Digital Assets
BIS Innovation Hub to Explore Use of DeFi Protocols in CBDC Trades
By Editors | 03/11/2022
Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.
Crypto / Digital Assets
First Project Guardian Pilot Completed Using DeFi Protocols
By Editors | 03/11/2022
DBS, JP Morgan and SBI Digital Asset completed the pilot. Two other pilots are being launched by StanChart, HSBC, UOB and Marketnode.
Market Infrastructure
CFTC Extends Swap Reporting Relief for Non-US Dealers
By Editors | 02/11/2022
The no-action relief, initially granted in December 2013, was due to expire by 1 December 2022, but has been extended to 1 December 2025.
ESG / Sustainability
MAS, PBOC to Jointly Establish Green Finance Taskforce
By Editors | 02/11/2022
A number of Singapore-China initiatives were announced this week, including plans by SGX, SSE and SZSE to launch a Low Carbon Index Family by year-end.
ESG / Sustainability
IDX, MVGX Partner to Develop Indonesia’s Carbon Market
By Editors | 02/11/2022
Indonesia Stock Exchange and Singapore’s MetaVerse Green Exchange will collaborate to develop a carbon exchange system in Indonesia.
Market Infrastructure
Hong Kong to Subject Foreign Investment Gains to Profits Tax
By Manesh Samtani | 02/11/2022
A new LegCo bill will require MNE entities in Hong Kong to pay profits tax on foreign equity disposals and dividend income, unless they are specifically exempted.
Enforcement
New York Court Dismisses Tom Hayes LIBOR Rigging Case
By Editors | 01/11/2022
US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.
Market Infrastructure
ESMA to Withdraw Recognition of Six Indian CCPs
By Editors | 01/11/2022
EMIR conditions for recognition are not met because no cooperation arrangements have been concluded between ESMA and the relevant Indian authorities.
Market Infrastructure
ASX Issues 2nd Consultation on Measures for Handling Outages
By Editors | 01/11/2022
ASX is seeking feedback on new order and trade download services, a ‘cancel only’ session state, and an intraday restart capability.
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