Market Infrastructure

Market Infrastructure

Grab, Razer Considering Malaysia Digital Bank Licences – Report

By Editors | 24/01/2020

CIMB, Hong Leong Bank, Maybank, Grab, Razer, AirAsia, Axiata are reportedly considering submitting bids for Malaysian digital bank licences.

Market Infrastructure

Australia Proposes Broad Extension of Financial Accountability Regime

By Manesh Samtani | 24/01/2020

FAR will replace BEAR and apply to insurers, superannuation entities, financial holding companies and eventually ASIC licensees, with higher penalties for breaches.

ESG / Sustainability

Refinitiv Launches ESG Data Initiative at WEF, Davos

By Editors | 23/01/2020

The Alliance aims to identify and consolidate the fundamental ESG and alternative data firms require to make sustainable investment decisions and positively contribute to the UN SDGs.

Market Infrastructure

Singapore, Brunei Central Banks to Expand Cooperation

By Editors | 23/01/2020

MAS and AMBD have committed to new areas of cooperation, including financial sector development, cross-border supervision, crisis management and AML/CFT.

Market Infrastructure

HKMA Consults on Contractual Stay Provisions in Financial Contracts

By Editors | 23/01/2020

FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.

Market Infrastructure

S. Korea to Implement Asia Region Funds Passport on 27 May

By Editors | 22/01/2020

To register passport funds that can be offered in overseas markets, fund managers in Korea must have at least $500mn under management and meet a $1mn minimum capital requirement.

ESG / Sustainability

BIS Calls on Central Banks to Coordinate Action on Climate Change

By Manesh Samtani | 21/01/2020

Without coordinated action, a new global financial crisis triggered by climate change would render central banks and financial supervisors powerless.

Fintech / Regtech

Former CFTC Chair Launches Digital Dollar Project with Accenture

By Editors | 20/01/2020

The Digital Dollar Project is a multi-stakeholder initiative to explore options for creating a US dollar CBDC, which would coexist with other Federal Reserve liabilities.

Market Infrastructure

China Launches Upgraded Credit Reference System

By Editors | 20/01/2020

The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers’ employment status, co-borrowing records, and utility payment history.