MARKET INFRASTRUCTURE

ESG / Sustainability

China: ESG Disclosure Standards to Take Effect on 1 June

By Darien Choong | 14/05/2022

Ping An, China Mobile, Ant Group, Dagong Credit Rating as well as asset managers and energy producers helped to develop the standards.

Market Infrastructure

CPMI Advances Work on Enhancing Cross-border Payments

By Editors | 13/05/2022

A final report has been issued on extending RTGS operating hours, and another offering a framework for jurisdictions to self-assess payment system access.

Market Infrastructure

Singapore Taskforce Issues Second Consultation on Green Taxonomy

By Editors | 13/05/2022

The proposed traffic light-based taxonomy is accompanied by a user guide for financial institutions and companies to apply the taxonomy.

Market Infrastructure

UK Unveils Legislative Agenda for Financial Services, Markets

By Manesh Samtani | 12/05/2022

The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.

Market Infrastructure

Capital Outflows Prompt HKMA Intervention to Defend Currency Peg

By Editors | 12/05/2022

The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.

Crypto / Digital Assets

ASX Confirms Delay to Chess Replacement Go-Live Date

By Editors | 12/05/2022

ASX said a new go-live date will be determined after further planning with its technology partner and input from stakeholders.

Capital / Liquidity

FSC Korea Directs Banks to Strengthen Capital, Risk Management

By Editors | 11/05/2022

Banks are asked to strengthen loss absorption capacity, FX liquidity management, credit risk monitoring and bad debt provisioning.

AML / KYC

Bangladesh Bank Opens RTGS to NBFI Participation

By Editors | 11/05/2022

Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers’ bank accounts.

Fintech / Regtech

Opposition to CBDC Based on Misconceptions, RBNZ Says

By Manesh Samtani | 11/05/2022

Respondents to the RBNZ’s consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.