MARKET INFRASTRUCTURE

Fintech / Regtech

Malaysia, Thailand Establish Cross-border QR Payment Link

By Manesh Samtani | 21/06/2021

The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.

Big Picture

NGFS Paper Sets Out Biodiversity Loss Research Agenda

By Editors | 21/06/2021

An NGFS/INSPIRE study group will seek to improve understanding of the link between biodiversity loss and financial stability.

Market Infrastructure

CBIRC Issues Draft Rules for Major Bank Shareholders

By Sanday Chongo Kabange | 21/06/2021

Major shareholders cannot use borrowed funds to invest in banks, take out loans from the banks they invest in, or have cross-shareholdings with other banks.

Market Infrastructure

MAS to Migrate MEPS+ to ISO 20022 in June 2022

By Manesh Samtani | 21/06/2021

MAS is adopting a two-phased approach to migrate to ISO 20022, beginning with payments on MEPS+ in June 2022.

Market Infrastructure

IMF Proposes Introduction of Global Carbon Price Floors

By Manesh Samtani | 21/06/2021

The IMF says limiting global warming to 1.5 to 2 degrees will require a global carbon price of around $75 per ton, compared to only $3 per ton currently.

ESG / Sustainability

New Competency Framework to Take Effect from January: SFC

By Editors | 21/06/2021

Raising professional standards is crucial to maintain quality markets, particularly in view of the rapidly evolving financial landscape, says SFC chief Ashley Alder.

Market Infrastructure

AmCham Praises Taiwan For Easing Financial Sector Constraints

By Sanday Chongo Kabange | 20/06/2021

Taiwan was praised for easing rules on loan-loss reserves for foreign bank branches and for allowing foreign institutional investors to invest in ETFs.

Fintech / Regtech

HKMA Issues Practice Guide on Cloud-based Regtech Solutions

By Manesh Samtani | 20/06/2021

Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.

ESG / Sustainability

TCFD Scope 3 Review Supports Net-Zero Scrutiny

By ESG Investor | 20/06/2021

Comprehensive reporting on all corporate emissions essential for investors, regulators and policymakers working towards low-carbon economy, says GRI.