MARKET INFRASTRUCTURE

Market Infrastructure

ASX Extends Go-live of CHESS Replacement to April 2023

By Manesh Samtani | 29/10/2020

The one-year extension over what was proposed in June reflects a need for more post-trade processing capacity, highlighted by March’s extreme increases in trading volumes.

Market Infrastructure

Global UPI Adoption a Key Focus for DSB in Year Ahead

By Editors | 28/10/2020

The DSB has expanded its Technology Advisory Committee to reflect the geographic diversity that will underpin the global UPI implementation effort.

Market Infrastructure

PBOC Instructs Yuan Fixing Banks to Suspend Counter-cyclical Factor

By Editors | 28/10/2020

The counter-cyclical factor is the adjustment contributing banks make to the daily trade-weighted reference rate that the PBOC has to date used dampen depreciation pressure.

ESG / Sustainability

Due Diligence Questions at the Dawn of the Era of Sustainability

By ESG Investor | 28/10/2020

Experts from Refinitiv, Panarchy Partners and Deep Learning Investments respond to audience questions on due diligence challenges following recent webinar.

Market Infrastructure

Bovill Research Calls into Question Efficacy of FCA’s SMCR

By Shruti Khairnar | 28/10/2020

The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.

Market Infrastructure

China Explores Rule Relaxations to Facilitate Cross-Border Investment

By Manesh Samtani | 28/10/2020

China’s regulators are working to further relax restrictions on cross-border investment and create new channels for domestic and foreign investors alike.

ESG / Sustainability

China Outlines Ambitious Plan on Climate Investment and Finance

By Manesh Samtani | 27/10/2020

The plan, backed by five government agencies, includes the introduction of a carbon market and two-way cross-border participation in green finance and climate-friendly investment.

Fintech / Regtech

BIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End

By Sanday Chongo Kabange | 27/10/2020

CBDC research provides an “essential opportunity” to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.

Capital / Liquidity

PBOC Issues Draft Law Aimed at Modernising Central Bank System

By Sanday Chongo Kabange | 27/10/2020

The draft law expands the PBOC’s role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.