Market Infrastructure

Fintech / Regtech

PBOC Allows Mastercard to Launch China Card Clearing Business

By Editors | 20/11/2023

Mastercard is the second overseas bank card clearing institution to enter the Chinese market, after an American Express unit was granted approval in 2020.

Crypto / Digital Assets

Japan FSA Allows ODX to Launch Security Token Trading Platform

By Editors | 20/11/2023

Osaka Digital Exchange said its new platform, to be known as “START”, will launch by the end of the year.

Market Infrastructure

Asian Firms Must Tackle T+1 Long Before May

By Javier Hernani Burzaco | 19/11/2023

European and APAC firms that act quickly to prepare for T+1 settlement in North America would gain a competitive advantage, writes Javier Hernani Burzaco.

Market Infrastructure

HKMA Updates Margin Financing Guidance Ahead of FINI Launch

By Editors | 19/11/2023

The revised SPM module provides further guidance on a “holistic approach to risk management” of share margin financing.

Market Infrastructure

China Issues New Regulatory Ratings Framework for Trust Companies

By Editors | 19/11/2023

Trust companies with poor regulatory rating results will be subject to greater supervisory attention or more extreme measures.

Market Infrastructure

ASIC Consults Changes to the ABA Banking Code of Practice

By Editors | 19/11/2023

This is the first time ASIC has undertaken a public consultation before making a decision on approving the Banking Code of Practice.

Market Infrastructure

MAS Launches Payment Linkages with Malaysia, Indonesia

By Editors | 19/11/2023

The payment links are described as “significant milestones” to enable faster and cheaper cross-border payments and promote greater regional economic integration.

Big Picture

Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper

By Manesh Samtani | 18/11/2023

Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.

Market Infrastructure

China Drafts New Data Security Rules for Auditors

By Editors | 18/11/2023

The rules require auditors to improve data security management, and store audit working papers only within China’s borders.