Market Infrastructure

Market Infrastructure

SFC Provides Alternative for Compliance With Data Storage Rules

By Manesh Samtani | 10/12/2020

The SFC will accept an undertaking from core function MICs as an alternative means of satisfying the requirement for a countersigned notice or undertaking from an EDSP.

Market Infrastructure

Korea to Introduce Inspections of Personal Data Handling at FIs

By Editors | 10/12/2020

The routine inspections are aimed at ensuring consistency in data protection standards in the financial sector amid a changing data industry in Korea.

Market Infrastructure

PBOC, HKMA Explore Southbound Leg for Bond Connect

By Editors | 09/12/2020

The PBOC and HKMA will form a working group to study the framework for a southbound leg of Bond Connect. No timelines have been set.

Market Infrastructure

Australian Regulators Launch Cyber Resilience Testing Framework

By Manesh Samtani | 09/12/2020

The ‘CORIE’ framework will initially run as an industry pilot programme, consisting of a small number of systemically important FIs.

Market Infrastructure

India’s RTGS System to Be Available 24×7 from Monday

By Editors | 09/12/2020

RTGS members banks are directed to inform their customers of the change and to put in place necessary infrastructure to provide RTGS around the clock.

ESG / Sustainability

Asset Managers, Insurers Must Embed Environmental Risk: MAS

By ESG Investor | 09/12/2020

Guidelines due to take effect in 18 months call for increased engagement with stakeholders, stress testing and risk disclosures.

Market Infrastructure

Euroclear Bank, Shanghai Clearing House Launch ‘Yulan Bonds’

By Editors | 09/12/2020

Yulan bonds issued by SHCH will use real time multi-currency DVP settlement with any counterparty within Euroclear Bank’s network.

Market Infrastructure

Singapore to Lay Foundation for Regional Carbon Credits Market

By Manesh Samtani | 09/12/2020

Ravi Menon said there is a need for more high-quality carbon credits and more trading of such credits across borders to drive convergence towards a global price on carbon.

ESG / Sustainability

Taiwan FSC Unveils Three Year Capital Market Roadmap

By Sanday Chongo Kabange | 09/12/2020

The roadmap aims to promote ESG development, establish operational rules to enable central clearing for OTC derivatives, and boost fundraising in the capital markets.