Market Infrastructure

Market Infrastructure

StanChart Permitted to Establish Digital Bank in Singapore

By Editors | 14/12/2020

StanChart was named Singapore’s first Significantly Rooted Foreign Bank in August. New privileges allow it to secure an additional full bank licence to establish a digital banking subsidiary.

ESG / Sustainability

Paris Anniversary Marked by New Finance Initiative

By ESG Investor | 14/12/2020

Participating countries issued new commitments related to the three pillars of the Paris Agreement at the Climate Ambition Summit 2020.

Market Infrastructure

PBOC Approves Establishment of Second Personal Credit Agency

By Editors | 14/12/2020

The agency will be jointly owned by the Beijing government, JD.com, Xiaomi and facial recognition start-up Megvii Technology.

Fintech / Regtech

Improving Operational Resilience: A Priority for the Year Ahead

By David LaFalce | 14/12/2020

DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.

Market Infrastructure

China Tightens Limit on Overseas Borrowing to Curb Inflows

By Editors | 13/12/2020

The decision is said to be part of a push to tame risks from overseas borrowing, which has rapidly increased as the yuan strengthened in recent months.

ESG / Sustainability

SGX to Promote China Bond Markets, MAS Registers Shanghai Office

By Editors | 13/12/2020

A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.

Market Infrastructure

APRA Publishes Findings From Big Banks’ BEAR Implementation Review

By Editors | 11/12/2020

CBA had the most developed approach to implement the BEAR, benefitting from the execution of its remedial action plan associated with the Prudential Inquiry.

Market Infrastructure

Data Storage Rules: A Christmas Present From the SFC

By Derek McGibney | 11/12/2020

While the SFC’s new FAQs on the use of cloud storage make compliance more manageable, licensed corporations still need to weigh their options, says Derek McGibney at Cognitive GRC.

Market Infrastructure

Singapore Set Out Timelines for Full Discontinuation of SIBOR

By Manesh Samtani | 11/12/2020

The one-month and three-month SIBOR will be discontinued by end-2024. The discontinuation of the six-month SIBOR may depend on the timing of cessation of USD LIBOR.