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ESG / Sustainability
Bangko Sentral’s ‘Deliberate Approach’ to Sustainable Finance
By Mark Johnston | 14/12/2021
Deputy governor Chuchi Fonacier explains the BSP’s policy approach to sustainability, highlighting the central bank’s role as an ‘enabler’, ‘mobiliser’ and ‘doer’.
Market Infrastructure
FSB Explores Impact of Data Regulation on Cross-border Payments
By Editors | 14/12/2021
The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.
Crypto / Digital Assets
Australia Unveils Plans to Reform, Modernise Payments System
By Sanday Chongo Kabange | 14/12/2021
The government plans to establish a licensing regime for crypto exchanges, a custody regime for digital assets, and explore the feasibility of a CBDC.
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.
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