MARKET INFRASTRUCTURE

    Fintech / Regtech

    RBA Launches New Project to Explore Wholesale CBDC

    By Editors | 03/11/2020

    The RBA has partnered with CBA, NAB, Perpetual and ConsenSys to explore if there is a future role for a wholesale CBDC in the Australian payments system.

    Fintech / Regtech

    HKMA Unveils Financial Infrastructure Project to Facilitate SME Lending

    By Manesh Samtani | 02/11/2020

    The HKMA is working with banks to study the feasibility of the ‘Commercial Data Interchange’, a new financial infrastructure to facilitate financial intermediation.

    Market Infrastructure

    China Further Opens Domestic Markets to Foreign Investors

    By Manesh Samtani | 01/11/2020

    Qualified foreign investors can lend out and borrow stock holdings to enable their use in short-selling, and trade equity index futures on the CFFEX.

    Market Infrastructure

    PBOC to Scrap Market Maker Approval Process in Interbank Market

    By Sanday Chongo Kabange | 01/11/2020

    The PBOC proposes to allow banks and securities firms to only sign an agreement with trading platforms to conduct market making business.

    Big Picture

    ESG Risk Disclosure Standards Would Support Bank Stress Tests – Fitch

    By ESG Investor | 01/11/2020

    Ratings agency puts case for integration of ESG risks into financial reporting using “common set of internationally comparable metrics”.

    Market Infrastructure

    New York to Provide Safe Harbour from LIBOR-related Litigation

    By Editors | 30/10/2020

    The legislation provides a safe harbor under New York law from litigation for the use of the recommended benchmark replacement.

    ESG / Sustainability

    RBNZ Governor Calls for Collective Response to Climate Risks

    By Shruti Khairnar | 30/10/2020

    RBNZ has started reporting its own verified carbon footprint in its annual report, and is working on integrating climate risks into its supervision frameworks.

    Capital / Liquidity

    HKMA Consults on Amendments to D-SIB Framework

    By Editors | 30/10/2020

    The amendments are aimed at improving the assessment of banks’ complexity in the D-SIB identification process, and reducing the weight of the size factor, among other changes.

    Market Infrastructure

    ASX Extends Go-live of CHESS Replacement to April 2023

    By Manesh Samtani | 29/10/2020

    The one-year extension over what was proposed in June reflects a need for more post-trade processing capacity, highlighted by March’s extreme increases in trading volumes.

    Market Infrastructure

    Global UPI Adoption a Key Focus for DSB in Year Ahead

    By Editors | 28/10/2020

    The DSB has expanded its Technology Advisory Committee to reflect the geographic diversity that will underpin the global UPI implementation effort.

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