MARKET INFRASTRUCTURE

Market Infrastructure

SGX Invites Feedback on Rule Amendments for ‘GIFT Connect’

By Ranamita Chakraborty | 11/06/2021

The proposed amendments seek to clarify the obligations of SGX-DT trading members when accessing GIFT Connect to trade Nifty derivatives.

ESG / Sustainability

Update to Green Bond Principles Prioritises Transparency, Impact

By ESG Investor | 11/06/2021

The new guidance seeks to boost investor confidence with a focus on increased information flows and external verification.

Market Infrastructure

NGFS Updates Climate Scenarios With More Data

By Manesh Samtani | 10/06/2021

If the transition fails, 13% of global GDP would be at risk by the end of the century, even before accounting for severe weather events.

ESG / Sustainability

BOE Commences Climate Risk Stress Tests for Banks, Insurers

By Ranamita Chakraborty | 10/06/2021

The end result will be more robust management of climate-related financial risks across the sector, said BOE governor Andrew Bailey.

Capital / Liquidity

IMF Reaffirms Hong Kong Stability, Identifies Pockets of Risk

By Manesh Samtani | 10/06/2021

The IMF recommends enhancing monitoring of lending to Mainland China, increasing oversight over banking groups, and regulating mortgage lending by non-banks.

Market Infrastructure

Australia to Introduce Regulatory Reforms for FMIs

By Editors | 09/06/2021

The new crisis management regime will allow the RBA to manage a failure at a domestic clearing and settlement facility, supported by a AUD 5 billion standing facility.

Big Picture

MAS Sets Out Climate Strategy in Inaugural Sustainability Report

By Manesh Samtani | 09/06/2021

Five asset managers have been appointed to manage S$1.8bn of Singapore’s official foreign reserves under new mandates focused on climate change and the environment.

Market Infrastructure

CFTC Subcommittee Proposes Switch to SOFR for Interdealer Swaps

By Manesh Samtani | 09/06/2021

The ARRC said the change, proposed for 26 July, will allow it to formally recommend forward-looking SOFR term rates published by CME Group.

Market Infrastructure

Culture & Conduct Risk: Singapore Sets the Pace for Peers

By Stephen Scott | 08/06/2021

Among global peers, Singapore is setting the pace for effective governance of culture and conduct risks, say Starling’s Stephen Scott and Mark Cooke.