MARKET INFRASTRUCTURE

    Market Infrastructure

    FSB Issues Progress Report on Interest Rate Benchmark Reform

    By Manesh Samtani | 15/11/2018

    The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.

    Capital / Liquidity

    India’s Government, RBI Close to Solution on Bank Lending Dispute

    By Garima Chitkara | 15/11/2018

    The government and RBI have reached a temporary agreement on some issues after an unprecedented public spat between the two caused alarm about the central bank’s independence.

    Market Infrastructure

    SGX to Distribute China Interbank Bond Indices to International Investors

    By Garima Chitkara | 15/11/2018

    The agreement to distribute CFETS-BOC bond indices outside of China is just one among four agreements signed between China and Singapore this week.

    Market Infrastructure

    Singapore Pledges $5bn to Private Equity, Venture Capital Firms

    By Garima Chitkara | 14/11/2018

    At Singapore Fintech Festival, MAS said it will place up to $5bn for management with private equity and venture capital firms focused on infrastructure and enterprise financing.

    Market Infrastructure

    SGX to Launch New T+2 Securities Settlement System from 10 December

    By Manesh Samtani | 14/11/2018

    Among several other enhancements, moving from a T+3 to a T+2 settlement cycle will harmonise Singapore with stock markets in Australia, the EU, Hong Kong and the US.

    Fintech / Regtech

    New STO Platform Gets Backing from SGX, Temasek

    By Editors | 13/11/2018

    SGX and a Temasek unit have invested in a new platform that is seeking MAS licensing to enable fundraising in Singapore through security token offerings.

    Market Infrastructure

    Myanmar Allows Local Lending by Foreign Bank Branches

    By Editors | 13/11/2018

    To date, the 13 foreign banks with branches in Myanmar have only been allowed to lend to foreign entities in the country, and only in foreign currencies.

    Market Infrastructure

    Amex Affiliate Wins Approval to Enter China Bank Card Market

    By Editors | 12/11/2018

    The affiliate, 50 percent owned by Amex subsidiaries, will be able to operate a credit card payment network that will allow Amex-branded cards to be used in China.

    Fintech / Regtech

    MAS, SGX Develop DvP Prototypes for Settlement of Tokenised Assets

    By Editors | 12/11/2018

    MAS and SGX have developed delivery versus payment capabilities for the settlement of tokenised assets across different blockchain platforms, which they say can help simplify post-trade processes and further shorten settlement cycles in capital markets.

    Market Infrastructure

    Asia Region Funds Passport: What You Need to Know

    By Leo Chen | 12/11/2018

    Technology will be critical to address inconsistencies in processes, practices and standards across ARFP-participating jurisdictions, says Calastone’s Leo Chen.

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