Market Infrastructure

ESG / Sustainability

IFRS Foundation Announces Next Steps for Sustainability Standards

By ESG Investor | 03/02/2021

The Sustainability Standards Board – widely supported across the investment industry – will be established in time for COP26 in November.

Market Infrastructure

Hong Kong MPFA Awards eMPF Contract to PCCW Solutions

By Ranamita Chakraborty | 02/02/2021

PCCW Solutions will build, implement, operate and maintain Hong Kong’s new eMPF Platform, with Singapore’s iFAST as its prime subcontractor.

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.