Market Infrastructure

ESG / Sustainability

Australia, NZ on Net Zero Path Despite Roadblocks

By ESG Investor | 19/08/2021

Institutional investors in Australia and New Zealand are setting more stringent carbon emission targets, but need public sector support to hit net zero.

Market Infrastructure

RBI Launches New Index to Track Financial Inclusion Metrics

By Editors | 18/08/2021

The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.

Fintech / Regtech

Thailand, Indonesia Pilot Cross-border QR Payment Link

By Manesh Samtani | 17/08/2021

The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.

Market Infrastructure

Green Refinancing Scheme to Expedite Emissions Reductions: PBOC

By Sanday Chongo Kabange | 17/08/2021

Specialist green refinancing loans will use preferential interest rates to target support for green development and expedite emissions reductions.

AML / KYC

HKEX Publishes Operational Details for New Investor ID Regime

By Manesh Samtani | 15/08/2021

Market system development and testing will start in Q3 2021 and intermediaries will have to develop their internal systems by the end of Q1 2022.

Market Infrastructure

Banks Already Pricing Transition Risks in Loans: HKMA

By Manesh Samtani | 15/08/2021

New research finds that APAC banks are charging ‘brown’ firms a higher lending rate than ‘non-brown’ firms, by around 23 basis points, since the Paris Agreement.

Market Infrastructure

Japan Decides Start Date to Shift Cross-currency Swaps to RFRs

By Editors | 15/08/2021

Japan will change interdealer trading conventions for cross-currency basis swaps from LIBOR to RFRs on 21 September.

Enforcement

ASIC to Adopt ‘Reasonable Approach’ to Financial Sector Reforms

By Ranamita Chakraborty | 13/08/2021

ASIC will take a ‘reasonable approach’ to technical or inadvertent breaches, in recognition that six new reforms taking effect in October will present challenges to firms.

Market Infrastructure

ACCC Sees Price Transparency Improvements Among FX Remitters

By Sanday Chongo Kabange | 13/08/2021

The ACCC says 12 of 15 prominent remitters are either adhering to best practice for price disclosure or need to make only minor improvements.