Market Infrastructure

Market Infrastructure

RBI to Require LEI Use in Large Cross-border Transactions

By Editors | 14/12/2021

From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.

Big Picture

BIS Calls for Interoperability in Global Payment Systems

By Sanday Chongo Kabange | 14/12/2021

Failure to achieve interoperability between payment systems has material costs and risks fragmenting the global financial system.

Capital / Liquidity

RBI Loosens Rules on Bank Management of Overseas Units

By Manesh Samtani | 13/12/2021

The RBI will also introduce new rules for how banks classify and value their investment portfolios, and how payment systems charge their customers.

ESG / Sustainability

HK Bourse Finalises New Rules on Governance, Board Diversity

By Editors | 13/12/2021

Amended corporate governance code and listing rules will require firms to ensure board independence, refreshment, and diversity from 1 January 2022.

ESG / Sustainability

Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs

By Editors | 13/12/2021

Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.

Market Infrastructure

CPMI to Define Service Level Template for Cross-border Payments

By Editors | 13/12/2021

Agreed service levels will establish consistency and certainty for all cross-border payment stakeholders based on a common framework, CPMI says.

ESG / Sustainability

PBOC Reiterates Commitment to Hong Kong Financial Centre

By Sanday Chongo Kabange | 13/12/2021

Key areas of collaboration to enhance Hong Kong’s roles as an international financial centre include CBDC, regtech, green finance development.

Market Infrastructure

Refinitiv Set to Launch Tokyo Swap Rate Fallback

By Ranamita Chakraborty | 13/12/2021

The Tokyo Swap Rate Fallback is based on a static spread adjustment and the Tokyo Swap Rate (for swaps referencing TONA), which was launched in October.

Fintech / Regtech

RBA, CBA, NAB Conclude Project Exploring Wholesale CBDC

By Manesh Samtani | 13/12/2021

The model used in the PoC preserves the current role of banks in the financial system and allows non-bank wholesale market participants to access the CBDC.