Market Infrastructure

Market Infrastructure

Hong Kong Announces Initiatives to Bolster Financial Hub Status

By Manesh Samtani | 07/10/2021

Chief Executive Carrie Lam announced measures to improve the stock market listing regime and enable RMB-denominated securities in Hong Kong.

Fintech / Regtech

BIS Partners with MAS, BOE, ISDA on Data & Analytics Platform

By Manesh Samtani | 07/10/2021

Project Ellipse explores the use of ISDA’s Common Domain Model to digitally extract, query and analyse large quantities of data in real-time for supervisory purposes.

Market Infrastructure

PBOC Finalises Rules for Credit Reporting Businesses

By Darien Choong | 07/10/2021

The rules say the collection of credit information should “not be excessive” and subject to consent and information security requirements. Cross-border use is allowed.

Fintech / Regtech

PFMI Applies to Global Stablecoins, CPMI & IOSCO Confirm

By Editors | 07/10/2021

The transfer function of a stablecoin arrangement is “comparable” to the transfer function performed by other types of financial market infrastructures.

Market Infrastructure

EDPB Issues Opinion on Adequacy of Korea Data Protection Regime

By Editors | 07/10/2021

The EDPB says Korea’s data protection framework presents “numerous similarities” to Europe’s, but certain aspects may require “a closer look and clarification”.

Market Infrastructure

Singapore Launches New Cybersecurity Strategy

By Mark Johnston | 06/10/2021

The strategy is underpinned by two foundational enablers: the development of a more vibrant cybersecurity ecosystem, and a more robust cyber workforce.

Market Infrastructure

GRI Puts Human Rights at Heart of New Standards

By ESG Investor | 06/10/2021

Sustainability reporting body provides greater clarity on materiality, launches sector-specific standards, strengthens the governance disclosures.

Market Infrastructure

CBSL Roadmap Outlines Six Month Plan to Stabilise Sri Lanka

By Duruthu E Chandrasekera | 06/10/2021

Export proceeds must be repatriated and converted to local currency. The loan moratorium will be unwound gradually. Liquidity support will be provided to banks.

Big Picture

IAIS Warns of Climate Risks Faced by Insurance Sector

By Ranamita Chakraborty | 06/10/2021

The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.