MARKET INFRASTRUCTURE

    Market Infrastructure

    PBOC Instructs Yuan Fixing Banks to Suspend Counter-cyclical Factor

    By Editors | 28/10/2020

    The counter-cyclical factor is the adjustment contributing banks make to the daily trade-weighted reference rate that the PBOC has to date used dampen depreciation pressure.

    ESG / Sustainability

    Due Diligence Questions at the Dawn of the Era of Sustainability

    By ESG Investor | 28/10/2020

    Experts from Refinitiv, Panarchy Partners and Deep Learning Investments respond to audience questions on due diligence challenges following recent webinar.

    Market Infrastructure

    Bovill Research Calls into Question Efficacy of FCA’s SMCR

    By Shruti Khairnar | 28/10/2020

    The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.

    Market Infrastructure

    China Explores Rule Relaxations to Facilitate Cross-Border Investment

    By Manesh Samtani | 28/10/2020

    China’s regulators are working to further relax restrictions on cross-border investment and create new channels for domestic and foreign investors alike.

    ESG / Sustainability

    China Outlines Ambitious Plan on Climate Investment and Finance

    By Manesh Samtani | 27/10/2020

    The plan, backed by five government agencies, includes the introduction of a carbon market and two-way cross-border participation in green finance and climate-friendly investment.

    Fintech / Regtech

    BIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End

    By Sanday Chongo Kabange | 27/10/2020

    CBDC research provides an “essential opportunity” to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.

    Capital / Liquidity

    PBOC Issues Draft Law Aimed at Modernising Central Bank System

    By Sanday Chongo Kabange | 27/10/2020

    The draft law expands the PBOC’s role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.

    Fintech / Regtech

    Australian Treasury Orders Review of Domestic Payments Regulation

    By Shruti Khairnar | 27/10/2020

    The review comes after two decades of the regulatory architecture of the domestic payments system being largely unchanged.

    Market Infrastructure

    Australia: New Report Proposes Changes to Financial Advice Rules

    By Sanday Chongo Kabange | 27/10/2020

    The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.

    Market Infrastructure

    Singapore Publishes Timelines, Guidance to Support Transition to SORA

    By Manesh Samtani | 27/10/2020

    Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.

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