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Market Infrastructure
Enforcement
HK’s Market Sounding Rules Could Impact Decision-making Dynamics
By Nithya Subramanian | 13/12/2023
Market participants have sought clarity on the definition of non-public information and jurisdiction from Hong Kong’s SFC.
ESG / Sustainability
Climate Action Data Trust Launches Public Dashboard
By Editors | 13/12/2023
The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.
Big Picture
BIS Paper Offers Guidance on Housing-related Financial Stability Risks
By Editors | 12/12/2023
The report outlines lessons from 14 jurisdictions on the use of macroprudential policies to mitigate financial stability risks associated with the housing market.
Market Infrastructure
China Issues Draft Cybersecurity Incident Reporting Rules
By Editors | 12/12/2023
The rules require “large, severe, or extremely severe” cybersecurity incidents to be reported within one hour.
Market Infrastructure
China Issues New Rules to Boost Cross-Border Trade and Investment
By Editors | 12/12/2023
Technology firms can more easily borrow funds from overseas and foreign-invested firms can more easily invest funds raised overseas for domestic reinvestment.
Market Infrastructure
Korea Enhances Executive Accountability for Internal Control Failures
By Manesh Samtani | 11/12/2023
Similar to the UK regime, financial firms will have to document the responsibilities of their executives, who would face disciplinary action if they fail to fulfill their duties.
Market Infrastructure
Indian Firms Will Be Able to List on IFSC Exchanges Next Year
By Nithya Subramanian | 11/12/2023
Allowing local companies to raise foreign capital from GIFT city will be key milestone, said V Balasubramaniam.
Fintech / Regtech
Australia Proposes Licensing Framework for Payment Services
By Manesh Samtani | 09/12/2023
Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.
Market Infrastructure
RBI in Talks With HK, US on Cross-border CBDC Payments
By Ajoy K Das | 08/12/2023
The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.
Crypto / Digital Assets
Singapore, China Announce New Bilateral Cooperation Agreements
By Manesh Samtani | 08/12/2023
The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.
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