MARKET INFRASTRUCTURE

Market Infrastructure

HKEX, SFC to Open HKIDR Testing to Market on 16 May

By Sanday Chongo Kabange | 27/04/2022

Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.

AML / KYC

China UnionPay to Halt Operations in Russia

By Editors | 27/04/2022

UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.

Big Picture

FSB Proposes Policy Measures to Address EM Vulnerabilities

By Editors | 26/04/2022

The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.

Market Infrastructure

Thailand Relaxes Foreign Exchange Regulations for Businesses

By Editors | 24/04/2022

The BOT is scrapping a $50mn annual limit on lending to unaffiliated companies in foreign countries, as well as limits on purchases of overseas real estate.

ESG / Sustainability

Sri Lanka Must Provide ‘Adequate Assurances’ for IMF Assistance

By Duruthu E Chandrasekera | 22/04/2022

The UNDP says Sri Lanka should introduce a temporary basic income and negotiate “debt-for-nature” swaps. The stock market has been closed all week.

Crypto / Digital Assets

Asset Managers Should Put Customers at Heart: SGX

By Manesh Samtani | 21/04/2022

At the IMAS Digital Summit 2022, SGX CEO Loh Boon Chye discussed the exchange’s approach to digital assets and technology adoption.

ESG / Sustainability

ABS Launches Environmental Risk Questionnaire for Banks

By Editors | 21/04/2022

The ABS has launched an industry standard template to help banks engage corporate clients in the assessment and mitigation of environmental risk issues.

Market Infrastructure

LIBOR Transition Challenges Remain in APAC Loans Market

By Editors | 21/04/2022

In a survey of APLMA member institutions, more than half of respondents said they would not complete remediation of their legacy book until H1 2023.

Crypto / Digital Assets

FSB Warns of Emerging Vulnerabilities, Financial Stability Risks

By Manesh Samtani | 21/04/2022

Global financial stability cannot be taken for granted going forward, FSB Chair Klaas Knot said in a letter to G20 Finance Ministers and Central Bank Governors.