Market Infrastructure

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.

Market Infrastructure

CPMI Publishes Harmonised Data Requirements for ISO 20022

By Mark Johnston | 18/10/2023

The BOE, ECB and RBA have committed to aligning with the new requirements and call on other market infrastructures and payment service providers to do the same.

Securities / Derivatives

DSB Launches UPI Service, a Milestone for Derivatives Markets

By Manesh Samtani | 18/10/2023

The US, EU, UK, Australia and Singapore will all start requiring UPI reporting for OTC derivatives transactions in 2024.