Market Infrastructure

Market Infrastructure

HK Securities Firms Set to be Added to Wealth Connect Scheme

By Editors | 22/08/2024

Ten securities companies including China CITIC Securities, CICC, Huatai Securities and GF Securities will initially be added to the scheme.

Fintech / Regtech

BIS Innovation Hub to Develop ISO 20022 Data Analytics Platform

By Editors | 22/08/2024

The Project Keystone platform will support the growing adoption of ISO 20022 standards in payment systems worldwide.

Market Infrastructure

Transitioning to T+1 Settlement: Lessons for Asian Firms

By Nithya Subramanian | 22/08/2024

Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

Market Infrastructure

ASIC Finds Lack of Maturity in Banks’ Scam Strategies

By Sanday Chongo Kabange | 21/08/2024

ASIC conducted a review of scam strategies and governance at 15 non-big-four banks, finding a “less mature approach” than expected.

Fintech / Regtech

SEBI Issues New Cybersecurity Framework for Regulated Entities

By Ajoy K Das | 21/08/2024

A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.

Capital / Liquidity

RBNZ Consults Additional Standards for New DTA Regime

By Sanday Chongo Kabange | 21/08/2024

RBNZ is consulting on standards covering areas such as governance, lending, risk management and operational resilience.

ESG / Sustainability

Singapore Financial Industry Bodies Sign MOU on Skills Development

By Editors | 21/08/2024

Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.

Market Infrastructure

Stock Connect’s 2nd Phase of Market Data Changes Now in Effect

By Sanday Chongo Kabange | 20/08/2024

The changes may lower volatility and help stabilise the A-share market, but may also lower the market’s appeal to some foreign investors.

AML / KYC

China, US Exchange Letters of Cooperation on Financial Stability

By Editors | 20/08/2024

PBOC and US Treasury officials agreed to strengthen information sharing and coordinate in times of financial stress and operational resilience issues.