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MARKET INFRASTRUCTURE
AML / KYC
Wolfsberg Group Updates Payment Transparency Standards
By Editors | 25/10/2023
The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.
Big Picture
New Paper Sheds Light on CCP Credit Risk Management Practices
By Manesh Samtani | 23/10/2023
The paper from CCP Global provides information on how CCPs conduct ongoing credit monitoring to make informed risk assessments and safeguard market integrity.
Crypto / Digital Assets
DTCC to Build Infrastructure to Support Adoption of Digital Assets
By Mark Johnston | 20/10/2023
DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.
Fintech / Regtech
China Unveils Global AI Governance Initiative at Belt and Road Forum
By Editors | 20/10/2023
The initiative emphasises equal rights for all countries and regions in the development and governance of AI technologies.
Market Infrastructure
Canada to Allow T+1 Settlement Cycle for Mutual Funds
By Mark Johnston | 20/10/2023
CSA seeks feedback on amendments to allow mutual funds to voluntarily adopt T+1 settlement for subscription and redemption.
Market Infrastructure
NDRC, HKMA to Promote Mainland Bond Issuance in Hong Kong
By Manesh Samtani | 19/10/2023
The MoU was signed at the Belt and Road Forum, where 100-plus other agreements were also signed and Xi Jinping unveiled further plans to support the initiative.
Market Infrastructure
Lloyd’s Simulates $3.5tr Cyber Attack on Financial System
By Mark Johnston | 19/10/2023
Lloyd’s published a scenario that simulates a cyber attack that would cause $3.5tr in global economic losses over five years.
Securities / Derivatives
Korea: Registration for Trading FX Market Opens for Foreign Firms
By Manesh Samtani | 19/10/2023
Bank of Korea said about 30 overseas FIs have expressed interest in participating in the domestic FX market when access opens in January.
Market Infrastructure
ASIC Warns Firms of Third-Party Cyber Risk
By Mark Johnston | 19/10/2023
44 percent of respondents to an ASIC survey indicated that they did not manage third-party or supply chain risk.
Market Infrastructure
CPMI Seeks Feedback on Governance of FPS Interlinking Arrangements
By Editors | 18/10/2023
The interlinking of fast payment systems is “one of the most promising solutions” for enhancing cross-border payments, CPMI says.
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