Market Infrastructure

ESG / Sustainability

MAS Further Extends Facility to Support SME Lending

By Manesh Samtani | 06/07/2021

Government risk sharing and lower-cost funding will keep borrowing costs low for local enterprises as they recover and adapt to the new normal, MAS said.

Market Infrastructure

EU Regulators Urge Participants to Stop Using LIBOR

By Sanday Chongo Kabange | 05/07/2021

Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.

Market Infrastructure

ASX Finalises Settlement Workflow Changes for CHESS Replacement

By Ranamita Chakraborty | 05/07/2021

Netting will be expanded to include all novated trades and the creation of the NBO and associated messaging will be discontinued to provide greater system scalability.

Market Infrastructure

RBI Issues New Guidelines on Outsourcing for Coop Banks

By Editors | 03/07/2021

Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.

Market Infrastructure

MAS: Remaining Amendments for BAA 2020 Take Effect

By Editors | 03/07/2021

Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.

Market Infrastructure

IOSCO Proposes Sustainability-related Rules for Fund Managers

By Editors | 01/07/2021

Recommendations for securities regulators cover asset manager practices, product disclosure, supervision and enforcement, terminology, and investor education.

Market Infrastructure

130 Nations Endorse Global Minimum Corporate Tax Rate

By Editors | 01/07/2021

The global minimum corporate income tax is estimated to generate around $150bn in additional global tax revenues annually.

Big Picture

Consortium Proposes to Create Impact Reporting Rules for Banks

By Editors | 01/07/2021

Harvard Business School, Impact Institute, ABN AMRO, Danske Bank, DBS and UBS aim to create new social and environmental impact reporting rules for banks.

Crypto / Digital Assets

New Registry for Digital Token Identifiers Goes Live

By Editors | 01/07/2021

The launch of the new registry comes ahead of the scheduled publishing of the ISO standard in Q3 2021, to meet urgent industry and regulatory needs.