MARKET INFRASTRUCTURE

    Market Infrastructure

    HKMA Launches Upgraded Cybersecurity Fortification Initiative

    By Editors | 03/11/2020

    CFI 2.0 streamlines the cyber resilience assessment process, incorporates international practices on incident response and recovery, and facilitates the development of the local talent pool.

    Big Picture

    The Case for an Alternative Credit Scoring Ecosystem in Hong Kong

    By Manesh Samtani | 03/11/2020

    A new whitepaper commission by the HKMA describes alternative credit scoring and how it works, and explains why it can help the banking industry and MSMEs.

    Market Infrastructure

    Australia Commences Wide-ranging Review of Privacy Law

    By Editors | 03/11/2020

    An issues paper released as part of the review seeks feedback on whether EU adequacy under GDPR is necessary or desirable, among other issues relevant to reform.

    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.

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