MARKET INFRASTRUCTURE

Capital / Liquidity

Key Risks to Financial System Have Been Contained: PBOC

By Editors | 08/11/2020

However, the PBOC believes the world economy is still in a period of deep adjustment, amid concerns that the risk of debt defaults has increased.

Fintech / Regtech

WhatsApp Wins Approval to Launch Payments Service in India

By Editors | 08/11/2020

The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.

ESG / Sustainability

EBA Consults on Integrating ESG into Risk Management, Supervision

By ESG Investor | 08/11/2020

The consultation paper focuses on counterparty risks and climate change impacts for European investment firms and credit institutions.

Market Infrastructure

Australian FIs to Use NPP for International Payments by End-2022

By Editors | 05/11/2020

Participating FIs are required to join the international payments business service and receive inbound international payments via the NPP by December 2022.

Market Infrastructure

PBOC Raises Bar for Executives of Financial Holding Companies

By Sanday Chongo Kabange | 05/11/2020

Under the proposed rules, the PBOC will be able to sanction financial holding companies whose directors, supervisors, and senior officials do not meet the job requirements.

Securities / Derivatives

IOSCO Issues Recommendations to Develop Emerging Capital Markets

By Editors | 04/11/2020

IOSCO outlines the main challenges emerging markets face when developing their capital markets, also exploring opportunities offered by sustainable finance and fintech.

Fintech / Regtech

HKMA Seeks ‘Multi-CBDC Platform’ to Enhance Cross-border Payments

By Manesh Samtani | 04/11/2020

Project Inthanon-LionRock with the BOT is entering its second phase, which will have participation from HKEX, 19 banks, and five corporates.

Market Infrastructure

China Drafts Rules for National Carbon Emissions Trading Scheme

By Editors | 04/11/2020

Companies will have to issue emissions reports, subject to strict disclosure and verification requirements, which will be used to determine the allowances they can trade.

ESG / Sustainability

‘Global Asia Insurance Partnership’ to Launch in January

By Editors | 04/11/2020

GAIP will incubate new risk financing solutions for emerging risks in Asia and serve as a policy think tank, initially focusing on pandemic risk and climate risk.