Market Infrastructure

Financial institutions will be expected to incentivise borrowers to decarbonise through loan terms and preferential interest rates.

An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.

TORF production rates can be used in actual transactions, and are published each business day on the same day at 5pm.

Participation from non-resident investors will be a key driver to help advance the development of the THOR derivatives market.

The relevant regulations will reportedly be issued in May, with a view to launching the southbound bond trading link on 2 July.

MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.

A new ICMA paper looks at the intersections between the repo and collateral market and sustainable finance.

Patrick de Cambourg, Chair of the EFRAG Project Task Force, told ESG Investor that the formation of the EU sustainability reporting standards will be collaborative.

The sell-side is seeking enhancements to reconciliations and confirmations capabilities. The buy-side is focusing on fails and collateral management.

The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.