Market Infrastructure

Capital / Liquidity

PBOC, CBIRC Approve New Capital Raising Tool for Banks

By Manesh Samtani | 26/01/2021

While small banks face acute funding needs, larger banks and G-SIBs will similarly have to bolster capital to address rising NPLs and incoming regulatory requirements.

Market Infrastructure

ASIC Data System Illegally Accessed by Malicious Attacker

By Editors | 25/01/2021

The affected server was being used to share documents associated with recent credit licence applications, though no forms or attachments are believed to have been accessed.

Big Picture

Regulatory Intervention Needed for JPY LIBOR Transition – Fitch

By Editors | 25/01/2021

Japan’s decision to keep TIBOR may slow the adoption of TONA, lengthening the time needed to generate liquidity in TONA derivatives and establish forward-looking TONA rates.

Market Infrastructure

ISDA IBOR Fallbacks Supplement, Protocol Come Into Effect

By Editors | 25/01/2021

More than 12,000 entities across nearly 80 jurisdictions have so far adhered to the protocol, which will remain open for adherence.

Market Infrastructure

CPMI Calls for Global Input on Cross-border Payments Agenda

By Editors | 25/01/2021

Authors should submit research papers by 27 January 2021. Industry expert responses to questions should be submitted by 8 February 2021.

Market Infrastructure

Seven Takeaways from MAS’ Technology Risk Management Guidelines

By Grace Chong | 25/01/2021

The amended guidelines represent a firm step towards further strengthening the defences of Singapore’s financial ecosystem, placing the industry in good stead for the post-Covid economic recovery.

Market Infrastructure

New York State Budget to Include Provisions to Ease LIBOR Switch

By Editors | 24/01/2021

The state budget plan would reportedly allow legacy LIBOR contracts to use the replacement rate recommended by the Fed Board, the New York Fed, or the ARRC.

Market Infrastructure

Stock Connect to Include STAR Market Stocks from 1 February

By Editors | 24/01/2021

The corresponding H-shares will also be included in Southbound trading of Stock Connect, in addition to H-shares with corresponding A-shares listed in Shenzhen.

Fintech / Regtech

BIS Innovation Hub Sets Out 2021 Work Programme

By Manesh Samtani | 24/01/2021

Six thematic priorities have been set out: suptech and regtech; next-generation FMIs; CBDCs; open finance; green finance; and cyber security.