MARKET INFRASTRUCTURE

    Market Infrastructure

    MAS Outlines 2021 Plans to Continue Transitioning to SORA

    By Manesh Samtani | 02/02/2021

    SOR will now end 18 months later to reflect the IBA’s plans, but the transition to SORA in cash products and derivatives markets will continue at pace.

    Big Picture

    Industry Taskforce Publishes Blueprint for Creating Carbon Market

    By Editors | 02/02/2021

    The blueprint comprises 20 tangible actions to deliver a large-scale, voluntary carbon market and a roadmap for implementation.

    Market Infrastructure

    CBIRC Permits Allianz to Set Up Insurance Asset Management Business

    By Editors | 02/02/2021

    The business, to be incorporated in Beijing, will be the first wholly foreign-owned insurance asset management firm in China.

    Capital / Liquidity

    India Announces Support for Banks in Budget for New Fiscal Year

    By Editors | 02/02/2021

    The budget includes the establishment of a ‘bad bank’ to take over banks’ bad assets and a plan to inject INR 200 billion into state lenders.

    Market Infrastructure

    HKMA Drafts Guidance on Operational Continuity in Resolution

    By Editors | 01/02/2021

    Operational continuity in resolution is a key aspect of resolution planning for individual banks, the HKMA says.

    Market Infrastructure

    UPDATED – KPMG Appointed to Review RBNZ Data Breach Response

    By Editors | 01/02/2021

    The review will seek to understand the events leading up to the breach, assess the appropriateness of the RBNZ’s response, and identify factors that contributed to the breach.

    Market Infrastructure

    FSC Korea to Tighten Debt Service Ratio Rules in Q1

    By Editors | 01/02/2021

    The accumulation of excessive debt may pose a risk to the economic recovery, the FSC said, pledging to introduce measures to rein in household and corporate debt.

    Big Picture

    Asset Price Correction Could Jeopardise Financial Stability: IMF

    By Editors | 31/01/2021

    Policymakers should be prepared for the risks of a market correction as complacent investors bet on continued policy support and drive up valuations, the IMF warns.

    ESG / Sustainability

    FSC Korea Outlines Additional Green Finance Initiatives

    By Sanday Chongo Kabange | 29/01/2021

    The FSC plans to draw up a climate risk management and oversight plan for FIs by March and develop a green taxonomy within H1.

    Market Infrastructure

    Legislative Advisors Advocate Merger of Shanghai Financial Markets

    By Editors | 29/01/2021

    Under the proposal, a holding group would comprise the SSE, CFFEX, various securities depository and clearing companies, and a new options exchange.

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