Market Infrastructure

    ESG / Sustainability

    HKMA Sets Out Principles for Supervisory Approach on Climate

    By Manesh Samtani | 01/07/2020

    The HKMA expects the results of the industry greenness self-assessments in August 2020, which will inform its supervisory expectations ahead of a consultation next year.

    Market Infrastructure

    The New Normal: Conduct Risk & Personal Accountability

    By Stephen Scott | 01/07/2020

    Increasingly, leaders along all Three Lines of Defence are being held personally accountable for misconduct that takes place on their watch, says Stephen Scott at Starling.

    Market Infrastructure

    ASX Proposes April 2022 Go-Live of CHESS Replacement

    By Editors | 30/06/2020

    The revised timetable accounts for Covid-19 related disruptions, accommodates functionality changes, and provides more time to ensure user readiness.

    Market Infrastructure

    Covid-19 Liquidity Issues to Morph into Solvency Threat: BIS

    By Manesh Samtani | 30/06/2020

    Once the acute illiquidity phase of the crisis passes and insolvency problems emerge, the onus of crisis management will shift from central banks to fiscal authorities.

    Securities / Derivatives

    US Regulators Approve Volcker Rule Revisions

    By Editors | 30/06/2020

    The latest amendment allows banks to invest in venture capital and credit funds and reduces the amount of capital they have to set aside against inter-affiliate swap trades.

    Market Infrastructure

    Industry Bodies Call on EU to Reform Benchmarks Regulation

    By Editors | 30/06/2020

    The majority of third-country benchmarks pose no systemic risk but could nevertheless be barred from use in the EU due to a costly and burdensome third-country benchmark regime.

    Fintech / Regtech

    BOT Opens Applications for New FX E-Money Licences

    By Editors | 30/06/2020

    Non-bank operators can apply for a new licence to issue e-money in foreign currencies for customer payments for cross-border goods and services.

    ESG / Sustainability

    The Increasingly Important Role of Stock Exchanges in Social Contracts

    By Adam Wielowieyski | 30/06/2020

    The automation of markets enables a wider movement towards valuing companies on their moral contributions to society as much as their ability to maximise profitability, says HKEX’s Adam Wielowieyski.

    Market Infrastructure

    China May Grant Securities Licences to Major Banks – Report

    By Editors | 29/06/2020

    At least two major banks are expected to be allowed to conduct investment banking business intially, rather than the full range of securities services.

    Market Infrastructure

    China Sets Stage for GBA Wealth Management Connect Scheme

    By Editors | 29/06/2020

    Under a pilot scheme, Greater Bay Area residents will be able to invest in wealth management products distributed by GBA banks across boundaries.

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