MARKET INFRASTRUCTURE

Market Infrastructure

FSC Korea Launches New Committee to Lead Reform Efforts

By Sanday Chongo Kabange | 21/07/2022

The committee is expected to ease rules for banks on investments in non-financial businesses, improve ESG disclosure rules, overhaul capital markets infrastructures.

Market Infrastructure

Singapore Finalises Key Settings of MAS Recommended Rate

By Editors | 20/07/2022

The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.

AML / KYC

India, Indonesia to Work Towards Establishing Payment Linkages

By Editors | 20/07/2022

The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.

Market Infrastructure

BSP Designates Two “Prominently Important” Payment Systems

By Editors | 18/07/2022

The designation of PESONet and InstaPay as Prominently Important Payment Systems will mean they are subject to closer BSP supervision and monitoring.

Market Infrastructure

HKEX, SFC Extend HKIDR Testing Period Until 5 August

By Editors | 18/07/2022

Firms that have not completed the mandatory E2E Test yet are reminded to complete the test “as soon as possible”.

ESG / Sustainability

Encouraging Progress on Climate Risk Roadmap: FSB

By Editors | 15/07/2022

The FSB has published its first annual stocktake on progress to address climate-related financial risks since the release of its roadmap last July.

Crypto / Digital Assets

OECD Confirms Timeline Revision for New Global Tax Rules

By Editors | 15/07/2022

A new international treaty for the Pillar One reforms will be finalised by mid-2023 for entry into force in 2024.

Market Infrastructure

How the UK Intends to Reform Data Protection Law

By Nick Westbrook | 14/07/2022

Nick Westbrook outlines the most significant areas of reform to the UK GDPR since it came into force in May 2018.

Crypto / Digital Assets

CPMI, IOSCO Issue Final Guidance on Stablecoin Arrangements

By Editors | 14/07/2022

CPMI and IOSCO confirm that the PFMI apply to systemically important stablecoin arrangements that transfer stablecoins.