MARKET INFRASTRUCTURE

    Market Infrastructure

    Shenzhen Granted Autonomy to Enact Market-based Reforms

    By Editors | 19/10/2020

    Shenzhen will be able to make its own laws on artificial intelligence and big data, start a stock futures index, and list companies on its stock market with depositary receipts.

    Market Infrastructure

    MAS Consults on New Rules for Licensed Credit Bureaus

    By Sanday Chongo Kabange | 19/10/2020

    Credit bureaus will be subject to similar technology risk management requirements and cyber security measures as required of other financial institutions in Singapore.

    ESG / Sustainability

    MAS Outlines Next Steps in Green Finance Action Plan

    By Shruti Khairnar | 19/10/2020

    As part of a vision to make Singapore the leading centre for green finance in Asia, MAS will incorporate climate-related scenarios in its annual stress tests “within the next two years”.

    Market Infrastructure

    FSB Publishes Cyber Resilience Toolkit for Financial Sector

    By Editors | 19/10/2020

    The financial system is only as strong as its weakest link, the FSB says, encouraging the use of the final toolkit to enhance cyber incident response and recovery activities.

    Fintech / Regtech

    China Pushes For Faster Launch of Digital Currency

    By Sanday Chongo Kabange | 19/10/2020

    The Shenzhen government is issuing 10 million yuan worth of digital currency for testing as part of ongoing DC/EP pilot tests.

    Capital / Liquidity

    PBOC Issues Draft Rules ‘Fully Revising’ Commercial Bank Law

    By Editors | 18/10/2020

    The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.

    Capital / Liquidity

    PBOC Rules for Conglomerates to Limit Systemic Risk: Fitch

    By Editors | 18/10/2020

    Fitch Ratings says the new regulations for conglomerates with interests in financial services will help contain systemic risks by limiting irregular financial activities and misconduct.

    Market Infrastructure

    HKMA Expects Adherence to ISDA IBOR Fallbacks Protocol

    By Editors | 18/10/2020

    The HKMA expects authorised institutions to adhere to the Protocol before it takes effect and to encourage counterparties to do the same.

    Market Infrastructure

    FSB Sets Out Global Transition Roadmap for LIBOR Phaseout

    By Editors | 18/10/2020

    By end-2020, firms should be in a position to offer non-LIBOR loans to customers. By 25 January, firms should adhere to the ISDA fallbacks protocol.

    Market Infrastructure

    Australian Regulators Prescribe Open Access to ASX Clearing Services

    By Manesh Samtani | 18/10/2020

    According to sources, the guidance was issued to prevent ASX Clear from imposing requirements on NSX with respect to the standards of its listed companies.

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