MARKET INFRASTRUCTURE

Market Infrastructure

Australian FIs to Use NPP for International Payments by End-2022

By Editors | 05/11/2020

Participating FIs are required to join the international payments business service and receive inbound international payments via the NPP by December 2022.

Market Infrastructure

PBOC Raises Bar for Executives of Financial Holding Companies

By Sanday Chongo Kabange | 05/11/2020

Under the proposed rules, the PBOC will be able to sanction financial holding companies whose directors, supervisors, and senior officials do not meet the job requirements.

Securities / Derivatives

IOSCO Issues Recommendations to Develop Emerging Capital Markets

By Editors | 04/11/2020

IOSCO outlines the main challenges emerging markets face when developing their capital markets, also exploring opportunities offered by sustainable finance and fintech.

Fintech / Regtech

HKMA Seeks ‘Multi-CBDC Platform’ to Enhance Cross-border Payments

By Manesh Samtani | 04/11/2020

Project Inthanon-LionRock with the BOT is entering its second phase, which will have participation from HKEX, 19 banks, and five corporates.

Market Infrastructure

China Drafts Rules for National Carbon Emissions Trading Scheme

By Editors | 04/11/2020

Companies will have to issue emissions reports, subject to strict disclosure and verification requirements, which will be used to determine the allowances they can trade.

ESG / Sustainability

‘Global Asia Insurance Partnership’ to Launch in January

By Editors | 04/11/2020

GAIP will incubate new risk financing solutions for emerging risks in Asia and serve as a policy think tank, initially focusing on pandemic risk and climate risk.

Market Infrastructure

HKMA Launches Upgraded Cybersecurity Fortification Initiative

By Editors | 03/11/2020

CFI 2.0 streamlines the cyber resilience assessment process, incorporates international practices on incident response and recovery, and facilitates the development of the local talent pool.

Big Picture

The Case for an Alternative Credit Scoring Ecosystem in Hong Kong

By Manesh Samtani | 03/11/2020

A new whitepaper commission by the HKMA describes alternative credit scoring and how it works, and explains why it can help the banking industry and MSMEs.

Market Infrastructure

Australia Commences Wide-ranging Review of Privacy Law

By Editors | 03/11/2020

An issues paper released as part of the review seeks feedback on whether EU adequacy under GDPR is necessary or desirable, among other issues relevant to reform.