Market Infrastructure

Market Infrastructure

Capital Outflows Prompt HKMA Intervention to Defend Currency Peg

By Editors | 12/05/2022

The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.

Crypto / Digital Assets

ASX Confirms Delay to Chess Replacement Go-Live Date

By Editors | 12/05/2022

ASX said a new go-live date will be determined after further planning with its technology partner and input from stakeholders.

Capital / Liquidity

FSC Korea Directs Banks to Strengthen Capital, Risk Management

By Editors | 11/05/2022

Banks are asked to strengthen loss absorption capacity, FX liquidity management, credit risk monitoring and bad debt provisioning.

AML / KYC

Bangladesh Bank Opens RTGS to NBFI Participation

By Editors | 11/05/2022

Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers’ bank accounts.

Fintech / Regtech

Opposition to CBDC Based on Misconceptions, RBNZ Says

By Manesh Samtani | 11/05/2022

Respondents to the RBNZ’s consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.

Market Infrastructure

First Rural Lender Added to Greater Bay WMC Scheme

By Darien Choong | 11/05/2022

Shenzhen Rural Commercial Bank has partnered with DBS Hong Kong to offer cross-border wealth management services to mainland residents in the GBA.

Fintech / Regtech

ASIC to Issue Derivatives Reporting Consultation Soon

By Manesh Samtani | 11/05/2022

ASIC’s Alex Orgaz-Barnier says APAC regulators are targeting a common implementation date and alignment to the greatest extent possible.

Fintech / Regtech

90pc of Central Banks Are Exploring a CBDC, BIS Finds

By Editors | 10/05/2022

More than a third of central banks will soon have legal authority to issue a CBDC. More than two thirds are likely to launch a retail CBDC in the short or medium term.

Market Infrastructure

Mandatory Disclosure Needed to Address “Persistent” GHG Reporting Gap

By ESG Investor | 09/05/2022

FTSE Russell paper reveals wide variations across countries, sectors and company size for Scope 1 and 2 emissions.