MARKET INFRASTRUCTURE

Market Infrastructure

PBOC, CBIRC Urge Banks to Support Real Estate M&A Deals

By Manesh Samtani | 21/12/2021

Banks are asked to support acquisitions of property development projects by healthy real estate companies, including by providing direct loans and facilitating bond issuance.

Market Infrastructure

HKMA Directs Banks to Observe Latest FX Global Code

By Mark Johnston | 21/12/2021

Banks are expected to review their practices to ensure observance of the FX Global Code and renew the Statement of Commitment by 15 July 2022.

Market Infrastructure

China to Expand Shanghai-London Stock Connect

By Editors | 21/12/2021

Under the proposed rules, the Stock Connect scheme will be expanded to allow participation from companies listed in Shenzhen, Switzerland and Germany.

Market Infrastructure

‘SOFR First’ Concludes with Publication of User Guide

By Editors | 21/12/2021

The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.

Fintech / Regtech

New Carbon Accounting Guidance Issued for Crypto Sector

By Mark Johnston | 21/12/2021

Guidance from the Crypto Climate Accord describes how stakeholders in the crypto sector can measure, track, and report their electricity use and GHG emissions.

Fintech / Regtech

Global Regulatory Framework for Crypto Likely Next Year

By Editors | 21/12/2021

Benoît Cœuré said the “wake-up call” for regulators has been the rapid growth of DeFi, as its interconnectedness with traditional finance creates potential systemic risk.

Market Infrastructure

FSB Calls For Papers on NBFI Risks and Policy Remedies

By Editors | 20/12/2021

The papers will be used to advance the FSB’s understanding of systemic risks in NBFI and specific policy approaches that may be used to address them.

ESG / Sustainability

FCA’s TCFD Rules for Asset Managers to Allow for Data Gaps

By ESG Investor | 20/12/2021

Product-level disclosures to users can be limited for transitional period where proxies deemed insufficient.

Market Infrastructure

HKMA Sets Targets for Launch of New Credit Reference Platform

By Manesh Samtani | 19/12/2021

The new platform will serve as an interface for credit providers and CRAs to share credit data, as Hong Kong prepares to introduce additional CRAs in the city.