Market Infrastructure

Market Infrastructure

SAFE Issues Conduct Guidelines for Foreign Exchange Market

By Darien Choong | 14/12/2021

The guidelines require market participants to process customer transactions in a “fair, transparent and honest” manner and guard against conflicts of interest.

ESG / Sustainability

Bangko Sentral’s ‘Deliberate Approach’ to Sustainable Finance

By Mark Johnston | 14/12/2021

Deputy governor Chuchi Fonacier explains the BSP’s policy approach to sustainability, highlighting the central bank’s role as an ‘enabler’, ‘mobiliser’ and ‘doer’.

Market Infrastructure

FSB Explores Impact of Data Regulation on Cross-border Payments

By Editors | 14/12/2021

The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.

Crypto / Digital Assets

Australia Unveils Plans to Reform, Modernise Payments System

By Sanday Chongo Kabange | 14/12/2021

The government plans to establish a licensing regime for crypto exchanges, a custody regime for digital assets, and explore the feasibility of a CBDC.

Market Infrastructure

RBI to Require LEI Use in Large Cross-border Transactions

By Editors | 14/12/2021

From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.

Big Picture

BIS Calls for Interoperability in Global Payment Systems

By Sanday Chongo Kabange | 14/12/2021

Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.

Capital / Liquidity

RBI Loosens Rules on Bank Management of Overseas Units

By Manesh Samtani | 13/12/2021

The RBI will also introduce new rules for how banks classify and value their investment portfolios, and how payment systems charge their customers.

ESG / Sustainability

HK Bourse Finalises New Rules on Governance, Board Diversity

By Editors | 13/12/2021

Amended corporate governance code and listing rules will require firms to ensure board independence, refreshment, and diversity from 1 January 2022.

ESG / Sustainability

Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs

By Editors | 13/12/2021

Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.