Market Infrastructure

China Urges Private Firms to Swap Debt for Equity

07/06/2019

China’s debt-to-equity swaps programme has been dominated by state enterprises. More private companies are now being encouraged to participate to reduce short-term repayment pressures.

Market Infrastructure

FSB Publishes User Guide to Overnight Risk Free Rates

07/06/2019

The user guide provides an overview of RFRs, details on how they are calculated, and options on how they can be used in cash products.

Market Infrastructure

FSB TCFD: Not Enough Companies Disclosing Climate Risk Information

07/06/2019

The Task Force said some of the results of its disclosure review and survey are encouraging, but not enough companies are disclosing decision-useful climate-related financial information.

Market Infrastructure

CPMI-IOSCO Paper on CCP Default Management Auctions

07/06/2019

The discussion paper describes the considerations CCPs take into account when planning and conducting default management auctions.

Market Infrastructure

RBI Publishes Payment Systems Benchmarking Report

06/06/2019

Further efforts are needed to reduce paper clearing  and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.

Securities / Derivatives

Macau Explores Establishment of Securities Market

06/06/2019

The move will help Macau diversify away from gaming as its main source of revenue, and align the territory with China’s plans for the Greater Bay Area.

Securities / Derivatives

SSE Approves First Three Companies to List on New Tech Board

06/06/2019

The three companies are among 117 that have so far applied for a listing. The three will now have to file listing registrations with the CSRC.

Market Infrastructure

Huatai Confirms Intention to Float London Depositary Receipts

06/06/2019

Huatai Securities reconfirming its intention to list depositary receipts on the LSE signals that the issues that delayed the Shanghai-London Stock Connect may now be resolved.

Market Infrastructure

Project Stella: DLT Can Improve Cross-Border Payment Security

06/06/2019

The BOJ-ECB phase three study says DLT can improve security in cross-border payments by using payment methods that synchronise payments and lock funds along the payment chain.