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Market Infrastructure
RBI Amends FX Rules for Exports to Facilitate LIBOR Transition
By Editors | 29/09/2021
Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.
Market Infrastructure
Singapore Seeks to Become Global Hub for Carbon Trading
By Editors | 29/09/2021
To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.
Fintech / Regtech
Central Banks Create Prototype Platform for mCBDC Settlements
By Sanday Chongo Kabange | 28/09/2021
The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.
Market Infrastructure
20 HK Banks Apply to Participate in Wealth Connect – Report
By Editors | 28/09/2021
Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA’s approval.
Market Infrastructure
FIs Increasingly Sharing Data to Prevent, Mitigate Cyberattacks
By Sanday Chongo Kabange | 28/09/2021
Global cyber intelligence sharing among financial institutions increased 60 percent in the past year, driven by supply chain and ransomware threats.
Market Infrastructure
ANNA Service Bureau Receives Infrastructure Upgrade
By Editors | 28/09/2021
The enhancements will provide more effective tools for data management, including streamlined data processing and improved communication between contributors.
Market Infrastructure
BNM Announces Launch of New Reference Rate MYOR
By Editors | 28/09/2021
The MYOR will run in parallel to the existing KLIBOR, although publication of the lesser referenced two- and 12-month KLIBOR tenors will be discontinued.
ESG / Sustainability
BOJ to Finance Banks’ Green Loans, Green Bond Investments
By Editors | 28/09/2021
Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.
Market Infrastructure
Singapore, Malaysia to Link PayNow, DuitNow in Q4 2022
By Pongnut Thanaboonchai | 27/09/2021
Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.
ESG / Sustainability
SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021
By Editors | 27/09/2021
Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.
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