Market Infrastructure

ESG / Sustainability

HKMA Invites Banks to Participate in Climate Stress Testing Pilot

By Editors | 07/12/2020

Participating banks will need to assess physical risk and transition risk separately under different scenarios, and evaluate the financial impact in both the short term and long term.

Market Infrastructure

DSB Set to Consult on Fee Structure for UPI in January

By Manesh Samtani | 07/12/2020

The UPI will ensure products are reported to trade repositories consistently across FSB jurisdictions. The first consultation will begin on 11 January 2021.

Capital / Liquidity

BSP Deputy Governor Outlines Key Priorities for the Year Ahead

By Manesh Samtani | 07/12/2020

Deputy Governor Chuchi Fonacier spoke to Regulation Asia about planned measures to promote digital payments, help MSMEs, and further strengthen the banking sector.

Market Infrastructure

IBA Consults on Intention to Stop Publishing LIBOR

By Editors | 06/12/2020

IBA intends to continue publishing the overnight and 1, 3, 6 and 12 month USD LIBOR settings until 30 June 2023. All other LIBOR settings would cease by 31 December 2021.

Fintech / Regtech

HKMA, PBOC Prepare for Cross-border Testing of Digital Yuan

By Manesh Samtani | 06/12/2020

The HKMA is also exploring options to leverage the FPS to enable instantaneous cross-border payments, according to chief executive Eddie Yue.

Market Infrastructure

IOSCO Consults on Fair and Equitable Access Market Data

By Editors | 06/12/2020

Market participants in many jurisdictions have raised concerns about the content, costs, accessibility, fairness and consolidation of market data, IOSCO says.

Market Infrastructure

“Swift Action” Needed to Implement Carbon Pricing: GFMA

By ESG Investor | 06/12/2020

An estimated $100 to $150 trillion of climate-related investment will be required over the next three decades to transition to a low carbon economy, says a report from GFMA and BCG.

Fintech / Regtech

MAS Awards Licences to Four Digital Bank Applicants

By Manesh Samtani | 06/12/2020

The licences were awarded to the Grab-Singtel consortium, a Sea Limited subsidiary, an Ant Group entity, and a consortium formed by a Chinese property giant.

Market Infrastructure

Macquarie to Set Up Electronic FX Trading Infrastructure in Singapore

By Editors | 04/12/2020

Macquarie’s FX pricing hub will strengthen Singapore’s proposition as a global FX price discovery and liquidity centre, said MAS executive director Lim Cheng Khai.