Market Infrastructure

Market Infrastructure

IFC, HKMA Launch New Alliance to Address Climate Change

By Editors | 09/11/2020

IFC and the HKMA will bring together FIs, associations, research institutions, and technology providers to build capacity for green finance and promote climate investments.

Market Infrastructure

FSB Advances Dialogue on Outsourcing, Third Party Relationships

By Manesh Samtani | 09/11/2020

An outage or failure at a single third party could create a single point of failure with potential adverse consequences for financial stability, the FSB says.

Market Infrastructure

SGX to Launch New Derivatives, Expand CME Clearing Relationship

By Manesh Samtani | 09/11/2020

SGX is launching five new equity futures contracts based on FTSE Russell indices. Two of the contracts will be available under SGX’s mutual offset system with CME Group.

Market Infrastructure

HKMA Invites Tenders to Implement LIBOR Transition for Exchange Fund

By Editors | 09/11/2020

Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.

Capital / Liquidity

Key Risks to Financial System Have Been Contained: PBOC

By Editors | 08/11/2020

However, the PBOC believes the world economy is still in a period of deep adjustment, amid concerns that the risk of debt defaults has increased.

Fintech / Regtech

WhatsApp Wins Approval to Launch Payments Service in India

By Editors | 08/11/2020

The approval comes two and a half years after WhatsApp launched in beta mode, but was then forced to comply with India’s data localisation requirements.

ESG / Sustainability

EBA Consults on Integrating ESG into Risk Management, Supervision

By ESG Investor | 08/11/2020

The consultation paper focuses on counterparty risks and climate change impacts for European investment firms and credit institutions.

Market Infrastructure

Australian FIs to Use NPP for International Payments by End-2022

By Editors | 05/11/2020

Participating FIs are required to join the international payments business service and receive inbound international payments via the NPP by December 2022.

Market Infrastructure

PBOC Raises Bar for Executives of Financial Holding Companies

By Sanday Chongo Kabange | 05/11/2020

Under the proposed rules, the PBOC will be able to sanction financial holding companies whose directors, supervisors, and senior officials do not meet the job requirements.