Market Infrastructure

Market Infrastructure

APRA Updates Draft Prudential Standard on Remuneration

By Editors | 12/11/2020

The prudential standard is expected to come into effect for significant banks in January 2023 and for significant insurers and superannuation entities in July 2023.

ESG / Sustainability

Taskforce Issues Plan for Scalable Carbon Credit Market

By ESG Investor | 11/11/2020

The voluntary carbon market will need to increase in size by 15 times by 2030 to achieve climate change targets, according to an IIF sponsored taskforce.

Market Infrastructure

NZX Confirms 10 December Go-Live Date for NZ RegCo Model

By Editors | 11/11/2020

The model will structurally separate NZX’s commercial and regulatory interests, similar to the approach adopted in Singapore, Japan and Brazil.

Fintech / Regtech

China Consults on Anti Monopoly Rules for E-commerce, Payments

By Editors | 11/11/2020

The new rules issued by China’s SAMR prohibit a range of monopolistic practices and are expected to impact internet giants Alibaba, JD.com, Tencent, and Meituan, among others.

Market Infrastructure

HKGFA Proposes Framework to Finance Net-zero Transition in High Carbon Sectors

By Manesh Samtani | 11/11/2020

The framework seeks to address financing constraints to decarbonisation in high-emitting sectors such as steel, cement and energy, which don’t have access to green or climate finance.

Fintech / Regtech

Australian Regulators Propose New Regulatory Regime for SVFs

By Editors | 10/11/2020

The proposed framework includes flexibility to ensure that regulation is able to adapt to innovations such as digital wallet facilities and global stablecoins.

Capital / Liquidity

BOJ Offers Interest Incentive for Regional Banks to Merge

By Editors | 10/11/2020

Regional banks can earn the interest rate by meeting certain overhead reduction targets or by agreeing to a merger with another bank.

Market Infrastructure

FIs Need to Bolster Security Controls to Mitigate Cyber Risk: MAS

By Editors | 10/11/2020

FIs need to review the adequacy of their cyber risk mitigating measures and controls, including in relation to third-party vendors and open-source software.

ESG / Sustainability

New Zealand Unveils Roadmap for Sustainable Financial System

By Shruti Khairnar | 10/11/2020

Among the 11 key recommendations to help facilitate change, New Zealand’s roadmap involves the introduction of a new stewardship code for financial institutions.