MARKET INFRASTRUCTURE

Big Picture

Australia Can Do More to Facilitate Sustainable Recovery: OECD

By Editors | 15/09/2021

The OECD recommends the creation of a roadmap for improving reporting of climate-related risks by listed companies and financial institutions.

Market Infrastructure

Southbound Bond Connect to Launch on 24 September

By Editors | 15/09/2021

Southbound trading under Bond Connect will have an initial daily quota of CNY 20 billion and an annual quota of CNY 500 billion.

Market Infrastructure

Australia Appoints Inaugural Members to FRAA

By Editors | 15/09/2021

Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.

Market Infrastructure

APLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets

By Manesh Samtani | 15/09/2021

The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.

Fintech / Regtech

Singapore, India to Enable Real-time Cross-border Payments

By Sanday Chongo Kabange | 15/09/2021

The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.

Market Infrastructure

Malaysia, Thailand Invite Banks to Become ‘Qualified ASEAN Banks’

By Manesh Samtani | 15/09/2021

The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.

Market Infrastructure

China Pilots New Scheme to Plug Retirement Savings Gap

By Sanday Chongo Kabange | 15/09/2021

Four domestic banks will test wealth management products for one year in Wuhan, Qingdao, Chengdu and Shenzhen.

Market Infrastructure

ACCC Authorises Amalgamation of BPAY, eftpos, NPPA

By Editors | 15/09/2021

The ACCC said the merger will enable the three payment schemes to coordinate investment proposals, avoid duplicative spending, and likely result in public benefit.

Market Infrastructure

CLS, Global Banks Collaboration on PvP Settlement in FX Market

By Editors | 14/09/2021

Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.