Market Infrastructure

    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.

    Market Infrastructure

    AmCham Praises Taiwan For Easing Financial Sector Constraints

    By Sanday Chongo Kabange | 20/06/2021

    Taiwan was praised for easing rules on loan-loss reserves for foreign bank branches and for allowing foreign institutional investors to invest in ETFs.

    Fintech / Regtech

    HKMA Issues Practice Guide on Cloud-based Regtech Solutions

    By Manesh Samtani | 20/06/2021

    Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.

    ESG / Sustainability

    TCFD Scope 3 Review Supports Net-Zero Scrutiny

    By ESG Investor | 20/06/2021

    Comprehensive reporting on all corporate emissions essential for investors, regulators and policymakers working towards low-carbon economy, says GRI.

    Market Infrastructure

    US Fed Extends Swap Lines with Nine Central Banks

    By Sanday Chongo Kabange | 20/06/2021

    The Fed has extended facilities provided to the central banks of Australia, Korea, Singapore and New Zealand, among others.

    Market Infrastructure

    CBIRC Approves First Fully Foreign Owned Money Broker

    By Editors | 20/06/2021

    Japan’s Ueda Yagi Tanshi will become the first foreign firm to commence currency brokerage business in China under a fully-owned unit.

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