Market Infrastructure

Market Infrastructure

Hong Kong to Introduce Corporate Rescue Regime Next Year

By Manesh Samtani | 03/12/2020

Shareholders, secured creditors, unsecured creditors and employees of distressed companies will all end up with better outcomes under the proposed corporate rescue procedure.

Market Infrastructure

Australia Gets New 10-Year Roadmap on Sustainable Finance

By Shruti Khairnar | 03/12/2020

The roadmap makes 37 recommendations, including a 2023 deadline for financial institutions and major listed companies to report according to the TCFD framework.

Fintech / Regtech

Libra Association to Launch Scaled-down Digital Currency in January

By Editors | 03/12/2020

The launch date depends on regulatory approval from FINMA, expected as early as January. A new name has been adopted for the association and the digital currency.

Crypto / Digital Assets

BIS Innovation Hub Completes Wholesale CBDC Experiment

By Editors | 03/12/2020

BIS Innovation Hub, the Swiss National Bank, and SIX compared the feasibility of issuing a wholesale CBDC versus linking the existing payment system to a distributed ledger.

Market Infrastructure

NZFMA Starts Publishing New OCR Compound Index

By Sanday Chongo Kabange | 03/12/2020

The OCR compound index provides market participants with a standardised method of calculating term risk-free interest rates in arrears.

Securities / Derivatives

CSRC Investigates SOE and Auditor Over Bond Default

By Manesh Samtani | 03/12/2020

SOE defaults could pave the way for increased transparency, faster resolutions and more predictable outcomes for investors in the long run.

Big Picture

MAS Urges Underwriting Prudence as Credit Risks Rise

By Manesh Samtani | 03/12/2020

Banks should maintain prudent credit underwriting standards and continue to actively manage foreign currency risks, MAS says in its financial stability review.

Market Infrastructure

MAS Proposes to Make Data Breach Offences Compoundable

By Manesh Samtani | 03/12/2020

MAS would be able to take tougher actions against breaches that do not meet the threshold of a criminal prosecution but call for stronger penalties.

Big Picture

Pandemic Cited as Top Financial Stability Risk for 2021: DTCC

By Editors | 03/12/2020

The Covid-19 pandemic ranks as the greatest threat to global financial stability in 2021, according to a new survey published by DTCC.