Market Infrastructure

ESG / Sustainability

EBA Finalises Pillar 3 Disclosure Rules for ESG Risks

By Sanday Chongo Kabange | 28/01/2022

Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.

Fintech / Regtech

Virtual Banking and Consent-based Data Governance

By Manesh Samtani | 27/01/2022

New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.

Market Infrastructure

Sri Lanka Commences Work to Establish CCP for Equities

By Duruthu E Chandrasekera | 27/01/2022

SEC chairman Viraj Dayaratne said “steady progress” is being made and the CCP is expected to launch by year end as planned.

Market Infrastructure

ASIC, SFC Offer Guidance on FX Practices Following Joint Review

By Manesh Samtani | 27/01/2022

Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.

Market Infrastructure

Malaysia, Indonesia Launch Cross-border QR Payments Linkage

By Editors | 27/01/2022

The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia’s QR payment linkage with Thailand has also gone live.

Fintech / Regtech

China Launches Data Platform for Wealth Management Sector

By Sanday Chongo Kabange | 27/01/2022

The platform is expected to help wealth management companies expand and enhance their product sales channels – especially the WMC units of smaller-scale banks.

Market Infrastructure

BSP Introduces Multiple Batch Settlement to PESONet

By Ranamita Chakraborty | 26/01/2022

The change increases PESONet’s daily batch settlement to two cycles, enabling better risk management for FIs and greater convenience for customers.

Market Infrastructure

Guangdong to Establish New International Bank Under GBA Plan

By Sanday Chongo Kabange | 26/01/2022

A futures exchange centre also be established to support the SZSE in implementing a whole-market registration system.

Fintech / Regtech

China Tightens Rules on Internet Platform Companies

By Sanday Chongo Kabange | 26/01/2022

The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.