MARKET INFRASTRUCTURE

Market Infrastructure

Xi Jinping Unveils Roadmap for Achieving ‘Financial Powerhouse’ Status

By Editors | 17/01/2024

The Chinese President highlighted the need for stronger connectivity between domestic and foreign financial markets and greater influence over international rules.

Capital / Liquidity

BIS Launches Consultation on Improving CCP Margin Requirements

By Nithya Subramanian | 17/01/2024

The report prepared by BCBS, CPMI and IOSCO has called for enhanced information sharing, better governance frameworks and greater transparency.

Market Infrastructure

BSP Offers Incentives for Early Use of New Standard Loan Form

By Sanday Chongo Kabange | 16/01/2024

Lenders that adopt the new loan application form ahead of mandatory adoption will receive a reduction in the annual supervisory fee for 2024 and 2025.

Market Infrastructure

HKEX Holiday Trading to Include Currency Futures, Options from 29 March

By Sanday Chongo Kabange | 16/01/2024

HKEX will include currency futures and options in derivatives holiday trading starting from 29 March 2024.

Market Infrastructure

China Orders Banks, Insurers to Tighten Cyber, Data Security

By Mark Johnston | 15/01/2024

Banks and insurers were asked to address the risk of ransomware attacks, strengthen the secure usage of emails, and protect against phishing attacks.

Fintech / Regtech

BSP Grants Direct PhilPaSSplus Access to First Nonbank EMI

By Sanday Chongo Kabange | 12/01/2024

OmniPay’s direct access to PhilPaSSplus allows it to make efficient and low-risk funds transfers using central bank rails.

Big Picture

Teething Issues: OTC Derivatives Reporting Rewrites in APAC

By Manesh Samtani | 10/01/2024

The more challenging aspects of implementation involve jurisdiction-specific data fields, the UTI waterfall, UTI generation, and ISO 20022.

Market Infrastructure

IIA Releases New Global Internal Audit Standards

By Editors | 10/01/2024

The Standards will help elevate the quality of internal auditing and enhance the internal audit function’s role as a partner to boards and senior management.

Market Infrastructure

GIFT City Regulator Directs IBUs to Improve Cross-border Payments

By Ajoy K Das | 09/01/2024

IFSC Banking Units are asked to use Swift GPI and to explore how they can further speed up their processing of cross border payments.