MARKET INFRASTRUCTURE

Big Picture

DTCC Paper Offers Guidance on Cloud Adoption in Financial Services

By Editors | 13/11/2020

The paper suggests the establishment of a principles-based, harmonised regulatory framework to better support adoption of cloud services by financial institutions.

ESG / Sustainability

UK TCFD Taskforce Unveils Plan for Mandatory Climate Disclosures

By ESG Investor | 12/11/2020

The roadmap outlines a five-year timetable for a range of UK financial institutions to comply with mandatory disclosure requirements.

Market Infrastructure

HKEX Chief Outlines Ongoing Market Development Initiatives

By Manesh Samtani | 12/11/2020

HKEX Chief Charles Li hinted at the possibility that Stock Connect could be extended to the primary market, and expanded to include derivatives.

Market Infrastructure

APRA Updates Draft Prudential Standard on Remuneration

By Editors | 12/11/2020

The prudential standard is expected to come into effect for significant banks in January 2023 and for significant insurers and superannuation entities in July 2023.

ESG / Sustainability

Taskforce Issues Plan for Scalable Carbon Credit Market

By ESG Investor | 11/11/2020

The voluntary carbon market will need to increase in size by 15 times by 2030 to achieve climate change targets, according to an IIF sponsored taskforce.

Market Infrastructure

NZX Confirms 10 December Go-Live Date for NZ RegCo Model

By Editors | 11/11/2020

The model will structurally separate NZX’s commercial and regulatory interests, similar to the approach adopted in Singapore, Japan and Brazil.

Fintech / Regtech

China Consults on Anti Monopoly Rules for E-commerce, Payments

By Editors | 11/11/2020

The new rules issued by China’s SAMR prohibit a range of monopolistic practices and are expected to impact internet giants Alibaba, JD.com, Tencent, and Meituan, among others.

Market Infrastructure

HKGFA Proposes Framework to Finance Net-zero Transition in High Carbon Sectors

By Manesh Samtani | 11/11/2020

The framework seeks to address financing constraints to decarbonisation in high-emitting sectors such as steel, cement and energy, which don’t have access to green or climate finance.

Fintech / Regtech

Australian Regulators Propose New Regulatory Regime for SVFs

By Editors | 10/11/2020

The proposed framework includes flexibility to ensure that regulation is able to adapt to innovations such as digital wallet facilities and global stablecoins.