Market Infrastructure

ESG / Sustainability

Singapore Taskforce Issues Climate Disclosure Guide for FIs

By Editors | 19/05/2021

GFIT also announced a framework for green trade finance and published a roadmap to scale green finance in the real estate, infrastructure, fund management and transition sectors.

Market Infrastructure

HKMA Instructs Banks to Assess Need for Tertiary Data Backup

By Manesh Samtani | 18/05/2021

Banks are asked to critically assess the need to set up a secure tertiary data backup to guard against destructive cyber attacks.

Market Infrastructure

Macau: AMCM to Advance Training Initiatives for Financial Sector

By Sanday Chongo Kabange | 18/05/2021

The training initiatives will help develop the local financial sector and help Macau prepare for the Wealth Management Connect scheme.

Market Infrastructure

APRA Sets Launch Dates for New Data Collection Tool

By Editors | 18/05/2021

The test environment will be available from 17 June and production environment from 13 September. ADIs have to maintain BEAR information in APRA Connect from September.

Market Infrastructure

China & HK Agree Cross-border Insolvency Framework

By Manesh Samtani | 18/05/2021

Hong Kong courts and Chinese courts in pilot cities will be able to recognise insolvency, bankruptcy and restructuring proceedings under each other’s laws.

Market Infrastructure

RBI Enables Private Banks to Conduct Government Business

By Editors | 18/05/2021

Revised RBI guidelines put in place a mechanism for private sector banks to apply for authorisation to conduct government business.

Market Infrastructure

HKEX Clears First SOFR-HONIA Cross Currency Swaps

By Editors | 18/05/2021

OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.

Big Picture

Conduct Risk Management Shifts to ‘Predict and Prevent’ Approach

By Manesh Samtani | 18/05/2021

In its annual Compendium on culture and conduct risk supervision, Starling highlights a shift from ‘detect and correct’ to ‘predict and prevent’.

Market Infrastructure

Is Asia Ready for the End of LIBOR?

By Li Renn Tsai | 17/05/2021

Li Renn Tsai compares progress in Asia’s main trading hubs, warning of a logjam of transition-related operational work that will pile up towards year-end.