MARKET INFRASTRUCTURE

Fintech / Regtech

BSP Seeks Interoperability, Unified Standard in Payments

By Sanday Chongo Kabange | 21/11/2020

BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.

Market Infrastructure

APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC

By Manesh Samtani | 19/11/2020

New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.

Market Infrastructure

India’s Transition Away from LIBOR ‘Full of Challenges’

By Manesh Samtani | 19/11/2020

The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.

Capital / Liquidity

HKMA Consults on Local Implementation of Final Basel III Reforms

By Editors | 19/11/2020

The consultation is open until 6 January 2021, ahead of industry engagement in 2021, legislative amendments in 2022, and a 1 January 2023 target implementation date.

Capital / Liquidity

Progress of G-SIBs Toward Resolvability Deemed Satisfactory: FSB

By Editors | 19/11/2020

Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.

ESG / Sustainability

Exchanges to Support Investor Need for Climate Disclosures: UN SSE

By ESG Investor | 18/11/2020

The United Nations Sustainable Stock Exchange is looking to publish climate-related reporting guidelines next year.

ESG / Sustainability

Getting to Grips with the EU Taxonomy Regulation

By Daniel Flatt | 18/11/2020

Designed to deter greenwashing, will the new classification system release asset owners to invest sustainably?

Market Infrastructure

ASEAN Central Banks Endorse Collective Approach to Climate Risk

By Shruti Khairnar | 18/11/2020

A new report offers a set of non-binding recommendations to promote a unified ASEAN approach towards managing climate and environment-related risks.

Market Infrastructure

OTC Clear to Launch RTGS Settlement Service for Members

By Manesh Samtani | 18/11/2020

From 30 November 2020, the new service will relieve clearing members from having to create payment instructions to settle amounts due to OTC Clear each day.