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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.
Market Infrastructure
China to Develop Qianhai, Hengqin into GBA ‘Cooperative Zones’
By Editors | 14/09/2021
Qianhai in Shenzhen will be used to strengthen cooperation with Hong Kong while Hengqin in Zhuhai will serve to strengthen cooperation with Macao.
Market Infrastructure
Beijing Stock Exchange Issues Draft Listing Rules
By Editors | 14/09/2021
The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.
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