Market Infrastructure

Market Infrastructure

HKMA Sets Conditions for Issuing New USD LIBOR Contracts

By Manesh Samtani | 20/08/2021

In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.

Market Infrastructure

RBI Says Only Visa Complies With Data Localisation Rules

By Ranamita Chakraborty | 19/08/2021

Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.

Market Infrastructure

China Huarong Announces Bailout from State-owned Enterprises

By Manesh Samtani | 19/08/2021

Huarong will issue new shares to Citic Group, China Insurance Investment, China Life Asset Management, China Cinda Asset Management and Sino-Ocean Capital Holding.

ESG / Sustainability

China’s ETS on Path to Halve Carbon Emissions by 2060

By ESG Investor | 19/08/2021

The success of China’s national emissions trading scheme depends on rapid extension beyond the utilities sector, says a report from the AIGCC and Schroders.

ESG / Sustainability

Australia, NZ on Net Zero Path Despite Roadblocks

By ESG Investor | 19/08/2021

Institutional investors in Australia and New Zealand are setting more stringent carbon emission targets, but need public sector support to hit net zero.

Market Infrastructure

RBI Launches New Index to Track Financial Inclusion Metrics

By Editors | 18/08/2021

The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.

Fintech / Regtech

Thailand, Indonesia Pilot Cross-border QR Payment Link

By Manesh Samtani | 17/08/2021

The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.

Market Infrastructure

Green Refinancing Scheme to Expedite Emissions Reductions: PBOC

By Sanday Chongo Kabange | 17/08/2021

Specialist green refinancing loans will use preferential interest rates to target support for green development and expedite emissions reductions.

AML / KYC

HKEX Publishes Operational Details for New Investor ID Regime

By Manesh Samtani | 15/08/2021

Market system development and testing will start in Q3 2021 and intermediaries will have to develop their internal systems by the end of Q1 2022.