Market Infrastructure

    ESG / Sustainability

    G20 Endorses Use of Carbon Pricing Mechanisms, Incentives

    By Manesh Samtani | 12/07/2021

    The use of carbon pricing mechanisms and incentives was included in the G20 communique among the set of tools to facilitate the transition to a more sustainable economy.

    Market Infrastructure

    RBI Urges Banks to Stop Using LIBOR, MIFOR

    By Manesh Samtani | 11/07/2021

    FIs are asked to instead use ‘any widely accepted ARR’. Currently, there is no consensus on a new ARR for India. SOFR is widely expected to be accepted.

    Fintech / Regtech

    MAS, Banque de France Complete m-CBDC Experiment

    By Sanday Chongo Kabange | 11/07/2021

    The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.

    ESG / Sustainability

    The Resilience Imperative: Succeeding in Uncertain Times

    By Gabriele Vigo | 11/07/2021

    Strengthening financial institutions’ resilience has never been more important, say Gabriele Vigo and Olivia White at McKinsey.

    ESG / Sustainability

    FSB Urges Greater Coordination on Climate-related Risks

    By Manesh Samtani | 07/07/2021

    The interconnected nature of climate-related financial risks and the growing body of work to address them reinforce the need for coordinated action, the FSB says.

    Market Infrastructure

    FSB Calls on Supervisors to Align LIBOR Messaging

    By Manesh Samtani | 07/07/2021

    Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.

    Market Infrastructure

    HKEX to Roll Out New IPO Settlement Platform Next Year

    By Editors | 06/07/2021

    HKEX will proceed with the development of FINI for handling all Hong Kong IPOs, initially adopting a T+2 settlement cycle.

    Market Infrastructure

    MAS Consults on Revised Reporting Rules for OTC Derivatives

    By Manesh Samtani | 06/07/2021

    The amendments aim to facilitate the aggregation of OTC derivatives data through standardisation and harmonisation of data elements by incorporating the CPMI-IOSCO technical guidance.

    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.

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