Market Infrastructure

Fintech / Regtech

Entity-based Regulation Needed to Address Bigtech Risks: BIS

By Manesh Samtani | 29/09/2021

China’s financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.

Market Infrastructure

RBI Amends FX Rules for Exports to Facilitate LIBOR Transition

By Editors | 29/09/2021

Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.

Market Infrastructure

Singapore Seeks to Become Global Hub for Carbon Trading

By Editors | 29/09/2021

To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.

Fintech / Regtech

Central Banks Create Prototype Platform for mCBDC Settlements

By Sanday Chongo Kabange | 28/09/2021

The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.

Market Infrastructure

20 HK Banks Apply to Participate in Wealth Connect – Report

By Editors | 28/09/2021

Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA’s approval.

Market Infrastructure

FIs Increasingly Sharing Data to Prevent, Mitigate Cyberattacks

By Sanday Chongo Kabange | 28/09/2021

Global cyber intelligence sharing among financial institutions increased 60 percent in the past year, driven by supply chain and ransomware threats.

Market Infrastructure

ANNA Service Bureau Receives Infrastructure Upgrade

By Editors | 28/09/2021

The enhancements will provide more effective tools for data management, including streamlined data processing and improved communication between contributors.

Market Infrastructure

BNM Announces Launch of New Reference Rate MYOR

By Editors | 28/09/2021

The MYOR will run in parallel to the existing KLIBOR, although publication of the lesser referenced two- and 12-month KLIBOR tenors will be discontinued.

ESG / Sustainability

BOJ to Finance Banks’ Green Loans, Green Bond Investments

By Editors | 28/09/2021

Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.