MARKET INFRASTRUCTURE

Market Infrastructure

FIs Need to Bolster Security Controls to Mitigate Cyber Risk: MAS

By Editors | 10/11/2020

FIs need to review the adequacy of their cyber risk mitigating measures and controls, including in relation to third-party vendors and open-source software.

ESG / Sustainability

New Zealand Unveils Roadmap for Sustainable Financial System

By Shruti Khairnar | 10/11/2020

Among the 11 key recommendations to help facilitate change, New Zealand’s roadmap involves the introduction of a new stewardship code for financial institutions.

Market Infrastructure

The AIFMD Review: Potential Impacts for Asia Pacific

By Arthur Carabia | 10/11/2020

While some of the proposals could be harmful to market participants, the review presents an opportunity to clarify certain elements of AIFMD, says ICMA’s Arthur Carabia.

Market Infrastructure

IFC, HKMA Launch New Alliance to Address Climate Change

By Editors | 09/11/2020

IFC and the HKMA will bring together FIs, associations, research institutions, and technology providers to build capacity for green finance and promote climate investments.

Market Infrastructure

FSB Advances Dialogue on Outsourcing, Third Party Relationships

By Manesh Samtani | 09/11/2020

An outage or failure at a single third party could create a single point of failure with potential adverse consequences for financial stability, the FSB says.

Market Infrastructure

SGX to Launch New Derivatives, Expand CME Clearing Relationship

By Manesh Samtani | 09/11/2020

SGX is launching five new equity futures contracts based on FTSE Russell indices. Two of the contracts will be available under SGX’s mutual offset system with CME Group.

Market Infrastructure

HKMA Invites Tenders to Implement LIBOR Transition for Exchange Fund

By Editors | 09/11/2020

Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.

Capital / Liquidity

Key Risks to Financial System Have Been Contained: PBOC

By Editors | 08/11/2020

However, the PBOC believes the world economy is still in a period of deep adjustment, amid concerns that the risk of debt defaults has increased.

Fintech / Regtech

WhatsApp Wins Approval to Launch Payments Service in India

By Editors | 08/11/2020

The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.