MARKET INFRASTRUCTURE

    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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