Market Infrastructure

Indonesia Announces Rules for the Establishment of CCPs

04/10/2019

The new rules from Bank Indonesia will take effect from June 2020, but the first CCPs for derivatives markets are unlikely to be operational until 2023.

Market Infrastructure

RBNZ Proposes Enhanced Oversight Role in Cash System

04/10/2019

In a new consultation paper, the RBNZ proposes legislative changes that would allow it to take on a more active monitoring and coordination role in the cash system.

Capital / Liquidity

RBNZ to Issue Final Decisions on Bank Capital in December

04/10/2019

RBNZ deputy governor Geoff Bascand says the central bank will review the amount of capital, what form it takes, and the allowed transition period before final decisions are made.

Fintech / Regtech

SWIFT, HSBC to Define Common API Standard for Hong Kong

04/10/2019

The new standard will re-use ISO 20022 components to ensure interoperability with Hong Kong’s clearing and settlement systems, facilitating the next phases of open banking in the city.

Big Picture

Hong Kong Making Slow Progress on Open Banking: S&P

03/10/2019

S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.

Market Infrastructure

FMSB Issues Good Practice Statements on Information Confidentiality

03/10/2019

The FICC Markets Standards Board offers guidance to help fixed income and commodities market participants understand what information can be shared, internally and otherwise.

Capital / Liquidity

Basel III Monitoring Report Shows Shrinking TLAC Shortfalls

03/10/2019

Based on the 2022 requirements, two of 24 G-SIBs reporting TLAC data have a combined shortfall of €32.6 billion , less than half the shortfall reported six months earlier.

Fintech / Regtech

BSP Streamlines Rules for Payment System Operators

03/10/2019

The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.

Securities / Derivatives

IOSCO Publishes Updates on MMF, Securitisation Regulation

03/10/2019

The reports describe progress by IOSCO members to adopt legislation, regulation and other policies covering MMF and securitisation, considered priority reform areas by the G20.