Market Infrastructure

Fintech / Regtech

BIS Innovation Hub Sets Out 2021 Work Programme

By Manesh Samtani | 24/01/2021

Six thematic priorities have been set out: suptech and regtech; next-generation FMIs; CBDCs; open finance; green finance; and cyber security.

Crypto / Digital Assets

SGX, Temasek Partner on Digital Asset Infrastructure in Capital Markets

By Editors | 23/01/2021

A new JV will use blockchain-based technologies to provide an issuance-to-settlement network for Asia bonds, funds and sustainable finance products.

Market Infrastructure

LME Proposes to Close Europe’s Last Open-outcry Trading Venue

By Editors | 21/01/2021

The LME’s trading ring has been used for metals trading since 1877. It’s temporary closure in March due to the Covid-19 pandemic may end up being permanent.

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.