ADVERTISEMENT
MARKET INFRASTRUCTURE
Market Infrastructure
India, UAE Sign Agreement to Interlink Payment Systems
By Editors | 09/10/2023
India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.
Securities / Derivatives
ESMA Consults on Potential Move to Shorter Securities Settlement Cycle
By Editors | 08/10/2023
ESMA said it is looking to consider “all the possibilities for a shortened settlement cycle, including both T+1 and T+0”.
Market Infrastructure
Japanese, Korean Regulators Agree to Strengthen Cooperation
By Sanday Chongo Kabange | 06/10/2023
The FSA and FSC will cooperate on financial stability, climate change, and digitalisation of financial services. KFB and JBA also signed an MoU.
Fintech / Regtech
BIS to Advise Korea on Design & Implementation of CBDC Pilot
By Sanday Chongo Kabange | 05/10/2023
South Korean regulators will start testing a wholesale CBDC with commercial banks this month, and a retail CBDC in Q4 of next year.
Market Infrastructure
HKEX Sets Launch Date for New Stock Connect Settlement Platform
By Editors | 04/10/2023
The settlement acceleration platform, known as HKEX Synapse, will launch on 9 October 2023 and improve post-trade efficiencies.
Market Infrastructure
APRA, ASIC Publish New Guidance for Financial Accountability Regime
By Sanday Chongo Kabange | 03/10/2023
The new information package includes guidance for banks on transitioning to the FAR, including a template for producing accountability statements.
Market Infrastructure
Bursa Malaysia Extends Derivatives Partnership With CME Group
By Editors | 03/10/2023
Under the extension, Bursa Malaysia Derivatives contracts will continue to be hosted on CME Globex until September 2028.
Market Infrastructure
China, Germany to Strengthen Cooperation on Market Access
By Editors | 03/10/2023
Consensus was reached on 25 different topics, including on strengthening regulatory cooperation in the banking and insurance sectors.
Market Infrastructure
RBA Publishes Conclusions on Measures to Enhance Debit Card Market
By Editors | 02/10/2023
The RBA will not prohibit banks from setting a default routing network on dual-network cards, but said it expects faster progress on enabling least-cost routing.
AML / KYC
ESMA Withdraws JSE Clear’s Recognition Decision
By Editors | 29/09/2023
JSE Clear will no longer be permitted to provide clearing services to clearing members or trading venues in the EU.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team