MARKET INFRASTRUCTURE

Fintech / Regtech

SGX, AMTD Enter Partnership on Capital Markets Development

By Editors | 05/05/2020

The partnership will seek to promote Singapore’s capital market development, strengthen regional connectivity, support businesses, and explore the use of DLT in bond issuance.

Market Infrastructure

HK Regulators Establish Green and Sustainable Finance Steering Group

By Editors | 05/05/2020

Initiated by the HKMA and SFC, the Steering Group will coordinate across other agencies and sectors to position Hong Kong as a global leader in green and sustainable finance.

Market Infrastructure

Korea Development Bank Act Amended to Enable Bailout Fund

By Editors | 05/05/2020

Aid recipients will have to maintain staff in employment and refrain from dividend payouts, share buybacks and executive compensation.

Market Infrastructure

HSBC Seeks CBIRC Approval to Fully Acquire Insurance JV

By Editors | 04/05/2020

HSBC’s insurance unit has entered into an agreement to buy the remaining 50% equity interest in its China joint venture – HSBC Life China.

Market Infrastructure

FSB Issues Draft Guidance on Assessing CCP Financial Resources

By Editors | 04/05/2020

Five steps are proposed for public authorities to assess the adequacy of a CCP’s financial resources to support its orderly resolution and minimise financial stability risks.

Capital / Liquidity

Glass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus

By Editors | 03/05/2020

The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.

Capital / Liquidity

BCBS Members Advancing Work on Climate-related Financial Risk

By Editors | 30/04/2020

An “overwhelmingly large share” of BCBS members have conducted research related to the measurement of climate-related financial risks.

Market Infrastructure

FCA Extends Deadline for Lenders to Stop Issuing New LIBOR Loans

By Editors | 30/04/2020

The deadline extension for lenders is a response to Covid-19, as the FCA seeks to avoid disrupting the flow of loans to help companies stay afloat during the pandemic.

Capital / Liquidity

Legacy Systems, Poor Data Quality Hindering BCBS 239 Adoption

By Manesh Samtani | 29/04/2020

Some banks have changed their BCBS 239 implementation strategies to comprehensively improve data quality, but this will take considerable time to resolve.