Market Infrastructure

Market Infrastructure

Shenzhen to Establish Fund to Manage Carbon Credit Sales Proceeds

By Sanday Chongo Kabange | 22/06/2021

The fund will manage the income generated from selling carbon credits, primarily using it to finance green projects in Shenzhen.

Market Infrastructure

Australian Police to Establish Ransomware Taskforce

By Ranamita Chakraborty | 22/06/2021

The new taskforce will enable the Australian police to have a more unified approach to pursue ransomware attackers.

ESG / Sustainability

Japan Panel Offers Recommendations on Sustainable Finance

By Sanday Chongo Kabange | 22/06/2021

The panel says the FSA should introduce a code of conduct for ESG data providers and develop an information platform for ESG-related bonds.

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.