MARKET INFRASTRUCTURE

    Big Picture

    Near-term Economic Climate Change Impacts “Harder to Ignore”

    By ESG Investor | 17/05/2022

    New report says the near-term impacts of climate change are becoming ever harder for financial institutions to ignore.

    Market Infrastructure

    ASIC Consults on Final Derivatives Reporting Rules

    By Manesh Samtani | 17/05/2022

    ASIC will implement the UTI and LEI requirements on 1 October 2023, and the UPI and CDE on 1 April 2024.

    Big Picture

    Bank Culture Regarded as Critical Governance Priority: Report

    By Manesh Samtani | 16/05/2022

    Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.

    ESG / Sustainability

    Future Uncertain for UK SDRs After Omission

    By ESG Investor | 16/05/2022

    Details on the SDRs were omitted from a new financial services bill outlined during the Queen’s Speech last week.

    ESG / Sustainability

    China: ESG Disclosure Standards to Take Effect on 1 June

    By Darien Choong | 14/05/2022

    Ping An, China Mobile, Ant Group, Dagong Credit Rating as well as asset managers and energy producers helped to develop the standards.

    Market Infrastructure

    CPMI Advances Work on Enhancing Cross-border Payments

    By Editors | 13/05/2022

    A final report has been issued on extending RTGS operating hours, and another offering a framework for jurisdictions to self-assess payment system access.

    Market Infrastructure

    Singapore Taskforce Issues Second Consultation on Green Taxonomy

    By Editors | 13/05/2022

    The proposed traffic light-based taxonomy is accompanied by a user guide for financial institutions and companies to apply the taxonomy.

    Market Infrastructure

    UK Unveils Legislative Agenda for Financial Services, Markets

    By Manesh Samtani | 12/05/2022

    The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.

    Market Infrastructure

    Capital Outflows Prompt HKMA Intervention to Defend Currency Peg

    By Editors | 12/05/2022

    The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.

    Crypto / Digital Assets

    ASX Confirms Delay to Chess Replacement Go-Live Date

    By Editors | 12/05/2022

    ASX said a new go-live date will be determined after further planning with its technology partner and input from stakeholders.

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