Market Infrastructure

Market Infrastructure

Malaysia, Thailand Expand Local Currency Settlement Framework

By Editors | 31/10/2021

Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.

Market Infrastructure

China Pledges Further Opening-up in Five-Year FDI Plan

By Darien Choong | 30/10/2021

The plan includes measures to further open up the banking, securities, insurance, funds, futures and other financial sectors.

AML / KYC

FATF Issues Final Updated Guidance on Virtual Assets, VASPs

By Manesh Samtani | 29/10/2021

The guidance offers clarification on the definition of VASPs, and explains how the FATF standards apply to stablecoins, P2P transactions, NFTs and DeFi.

Market Infrastructure

China State Council Unveils Climate Action Plan Ahead of COP26

By Mark Johnston | 29/10/2021

The action plan commits China to reaching 25% in non-fossil energy consumption in its mix by 2030, compared to 16 percent in 2020.

ESG / Sustainability

Japan Developing Certification Framework For ESG Related Bonds

By Mark Johnston | 29/10/2021

Japan’s FSA will also formulate codes of conduct for ESG evaluation organisations, covering transparency, fairness, and good governance.

ESG / Sustainability

UNEP FI Warns of Inconsistencies in FIs’ Transition Plans

By ESG Investor | 28/10/2021

New recommendations offer a baseline for asset owners assessing the credibility of their asset managers’ net-zero commitments and investment strategies.

Big Picture

FSB Annual Report Warns of Continued Financial Stability Risk

By Manesh Samtani | 28/10/2021

Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.

Market Infrastructure

Refinitiv Launches New Versions of Tokyo Swap Rate

By Editors | 28/10/2021

The new versions of the Tokyo Swap Rate are designed to support the transition away from LIBOR and the adoption of new market conventions.

Market Infrastructure

China Proposes Revisions to CPA Law to Improve Audit Quality

By Editors | 28/10/2021

The revisions allow for foreign regulators to sign a regulatory cooperation agreement or memorandum with the State Council if they wish to access audit work papers.