Market Infrastructure

Indonesia Unveils Payment System Roadmap, Launches QR Code System

29/05/2019

Bank Indonesia’s roadmap for the payments system includes plans for open banking, real-time retail payments and a digital ID system.

Securities / Derivatives

SEBI Issues Disclosure Guidelines for Listed Debt Securities

29/05/2019

SEBI requires debenture trustees to continuously disclose the status of interest and redemption payments, meaning that any default or delay of payment will be disclosed within a day of the due date.

Market Infrastructure

ISDA Proposes Further Definition Changes to Improve CDS Market

29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.

Crypto / Digital Assets

IOSCO: Key Considerations for Regulating Crypto Trading Platforms

29/05/2019

The key considerations represent specific areas that IOSCO believes jurisdictions could consider in the context of the regulation of crypto-asset trading platforms.

Securities / Derivatives

HKEX Launches First 2x Inverse ETF

29/05/2019

In its three year strategic plan unveiled earlier this year, HKEX said it would work to become a hub for the issuance and trading of ETFs in Asia.

Market Infrastructure

CFFEX to Set Aside 20pc of Fee Income as Risk Reserve

29/05/2019

Effective from 24 May, the CFFEX will set aside 20 percent of its service fee income as risk reserves, to be maintained in a special account and managed under separate accounting.

Securities / Derivatives

India Opens Voluntary Retention Route for FPIs

28/05/2019

The revised VRR scheme is open for allotment as of 27 May, allowing FPIs to invest in government securities and corporate debt up to an aggregate limit of $7.8bn.

Market Infrastructure

Hong Kong, China Agree to Cooperate on Audit Regulation

28/05/2019

Hong Kong’s Financial Reporting Council will be able to access audit papers located in the mainland “through an effective mechanism and clear procedures”.

Market Infrastructure

Decline in Correspondent Banking is Universal – CPMI

28/05/2019

Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.