Market Infrastructure

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.

Market Infrastructure

UK Regulators Support US ‘SOFR First’ Proposal on Interdealer Swaps

By Editors | 17/06/2021

The FCA and BOE encourage liquidity providers to change USD linear swap trading conventions from USD LIBOR to SOFR on 26 July 2021.

Market Infrastructure

ASX Completes Corporate Actions Upgrade Project

By Sanday Chongo Kabange | 17/06/2021

The project enables full straight-through processing for corporate actions, reducing risk for market participants and facilitating more informed decision-making.