MARKET INFRASTRUCTURE

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.