Market Infrastructure

ESG / Sustainability

PBOC Reiterates Commitment to Hong Kong Financial Centre

By Sanday Chongo Kabange | 13/12/2021

Key areas of collaboration to enhance Hong Kong’s roles as an international financial centre include CBDC, regtech, green finance development.

Market Infrastructure

Refinitiv Set to Launch Tokyo Swap Rate Fallback

By Ranamita Chakraborty | 13/12/2021

The Tokyo Swap Rate Fallback is based on a static spread adjustment and the Tokyo Swap Rate (for swaps referencing TONA), which was launched in October.

Fintech / Regtech

RBA, CBA, NAB Conclude Project Exploring Wholesale CBDC

By Manesh Samtani | 13/12/2021

The model used in the PoC preserves the current role of banks in the financial system and allows non-bank wholesale market participants to access the CBDC.

Press Release

Regulation Asia Awards for Excellence 2021 – Results Announcement

By Editors | 10/12/2021

Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.

Market Infrastructure

IMF Calls on FSB to Create Global Regulatory Framework for Crypto

By Manesh Samtani | 10/12/2021

The IMF proposes three elements that should be included in the framework, which is urgently needed to manage financial stability and market conduct risks.

Market Infrastructure

US House Passes LIBOR Replacement Legislation

By Manesh Samtani | 10/12/2021

The legislation will automatically shift tough legacy contracts to a new benchmark, preventing disputes over which rate should apply and how interest is calculated.

ESG / Sustainability

Korea to Conduct First Climate Stress Test in Financial Sector in 2022

By Editors | 09/12/2021

The FSS has introduced a guideline on the management of climate risks in the financial sector.  Meanwhile, a green finance handbook will be finalised for publication next year.

ESG / Sustainability

HKMA Shares ‘Sound Practices’ in Bank Climate Strategies

By Manesh Samtani | 09/12/2021

Banks are “strongly encouraged” to enhance their green and sustainability programmes to encompass climate risk management and the sound practices.

Big Picture

Cyber Risk Seen as Top Threat to Financial Markets: DTCC

By Editors | 08/12/2021

Cyber risk, pandemic, and geopolitical risk cited as the top threats to financial markets, but climate change and inflation are gaining pace.