Market Infrastructure

SWIFT Completes Another gpi Pilot with UK Faster Payments

11/10/2020

Over the past two years, SWIFT has run successful proof of concepts with payment infrastructures in Singapore, Australia and Europe.

Big Picture

SupTech Increasingly a Strategic Priority for Authorities: FSB

11/10/2020

The majority of authorities surveyed by the FSB had a SupTech, innovation or data strategy in place. SupTech is most commonly used in regulatory reporting and data management.

AML / KYC

US Imposes Sanctions Against 18 Iranian Banks

11/10/2020

FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.

Market Infrastructure

CSRC Forms Preparatory Group for Guangzhou Futures Exchange

11/10/2020

The establishment of a new futures exchange in Guangzhou was part of a policy blueprint for the GBA released earlier this year.

Fintech / Regtech

BOK On Track to Test CBDC Distribution in 2021

11/10/2020

The distribution and circulation test is the final part of a three-step, 22-month pilot programme which commenced in April.

Securities / Derivatives

Australia to Assist Cambodia in Capital Markets Development

11/10/2020

The Australian government will provide technical assistance to develop a regulatory framework and market capacity for investment in infrastructure.

Market Infrastructure

ISDA to Launch IBOR Fallbacks Supplement, Protocol on 23 Oct

11/10/2020

Widespread adoption is a tangible step financial and non-financial firms can take to avoid disruptions in derivatives markets and mitigate risks at a system-wide level, the FSB says.

Securities / Derivatives

SC Malaysia to Allow Financial Planners to Advise on Stocks, Bonds

11/10/2020

The new policy will encourage informed participation in stocks and bonds, while also protecting investors against bad investment choices.

Big Picture

BIS Report Outlines Common Foundation for Retail CBDCs

11/10/2020

Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling ‘digital runs’.