Market Infrastructure

AML / KYC

PBOC Proposes to Tighten Oversight of Non-bank Payments Firms

By Manesh Samtani | 21/01/2021

If the PBOC identifies a non-bank payment institution as a monopoly, it can advise the State Council’s antitrust committee to take action to break up the firm.

ESG / Sustainability

FSB Publishes Work Programme for Year Ahead

By Editors | 20/01/2021

The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.

Market Infrastructure

Clearinghouses Consider Early LIBOR Switch for Derivatives – Report

By Editors | 20/01/2021

LCH and CME Group could carry out a switchover in late November or early December for LIBOR derivatives to protect from tight liquidity in the benchmark’s final days.

Big Picture

Credit Quality Assessment a Challenge for China Bond Investors

By Manesh Samtani | 19/01/2021

Challenges assessing the credit quality of underlying corporates in China’s onshore bond market has been one of the key barriers for foreign investors, ICMA says in a new report.

Fintech / Regtech

UPDATED – PBOC Says Ant Group Working to Overhaul Business Structure

By Editors | 19/01/2021

Ant Group is drawing up a timetable to fold its financial operations into a holding company, under the guidance of regulators.

Market Infrastructure

MAS Raises Expectations on Technology Risk Management

By Editors | 19/01/2021

The revised guidelines set out higher expectations for FIs in technology risk management, including for assessments of third-party suppliers.

ESG / Sustainability

Hong Kong Influence in Global Climate Finance of ‘Critical Importance’

By Manesh Samtani | 19/01/2021

At the Asian Financial Forum, SFC chief Ashley Alder discussed the steps Hong Kong has taken to support a greener and more sustainable future.

Market Infrastructure

ISDA Urges Adherence to IBOR Fallbacks Protocol

By Editors | 17/01/2021

Over 5,900 entities in 70 jurisdictions have adhered to the protocol, which is intended as a safety net to mitigate the systemic impact of an IBOR cessation.

Market Infrastructure

Hong Kong Lawmaker Asks HKEX to Lower Market Data Fees

By Manesh Samtani | 16/01/2021

HKEX’s monthly fees for retail investors are higher than other stock exchanges, which may have implications for stockbrokers that serve retail investors, says a new report.