MARKET INFRASTRUCTURE

Market Infrastructure

ASX November Outage Caused By Hasty Trading System Launch

By Sanday Chongo Kabange | 23/08/2021

An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.

Market Infrastructure

China: New State Pension to Boost Retirement Savings

By Editors | 23/08/2021

The establishment of the new state pension company is waiting for regulatory approval from the CBIRC.

Market Infrastructure

BSP Designates RTGS System as Systemically Important

By Ranamita Chakraborty | 23/08/2021

The BSP was granted authority to designate systemically important payment systems under the National Payment Systems Act, which was signed into law in 2018.

ESG / Sustainability

Thailand: Regulators Set Out Sustainable Finance Initiatives

By Editors | 22/08/2021

The strategic initiatives include the development of a sustainable finance taxonomy, the ESG data environment, and sustainable finance products.

Capital / Liquidity

OJK Indonesia Introduces Digital Banking Framework

By Editors | 22/08/2021

Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.

ESG / Sustainability

SFC Finalises Climate Risk Requirements for Fund Managers

By Manesh Samtani | 22/08/2021

Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.

Market Infrastructure

BSP Relaxes Rules on FX Trade Approval for Banks

By Editors | 22/08/2021

Banks can sell FX without prior BSP approval if they will be used for activities such as online e-commerce payments, certain imports of goods, and fee payments.

Fintech / Regtech

China: More Smaller Lenders Set to Join Digital Yuan Pilot

By Sanday Chongo Kabange | 22/08/2021

City Commercial Banks Clearing Company and the Rural Credit Bank Funds Clearing Centre have launched “one point integration” digital yuan systems.

Market Infrastructure

China Passes New Personal Data Protection Law

By Manesh Samtani | 22/08/2021

The law establishes a set of rules for the collection, processing and protection of personal information, effective from 1 November.