MARKET INFRASTRUCTURE

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.