MARKET INFRASTRUCTURE

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    Market Infrastructure

    ASX CHESS Replacement Project Under Continued Scrutiny

    By Sanday Chongo Kabange | 28/06/2023

    ASIC chair Joe Longo said ASX had an “engagement problem” and that officials were working to boost oversight of the CHESS replacement project.

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    Market Infrastructure

    Australia Finalises Review of ASIC Funding Model

    By Sanday Chongo Kabange | 28/06/2023

    The review recommends that ASIC enhance its reporting, transparency and consultation arrangements on the industry funding model.

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    Market Infrastructure

    SEBI to Introduce ‘UPI Block Facility’ for Equity Trading

    By Editors | 26/06/2023

    The facility allows investors to use blocked funds in their bank accounts for trading, instead of transferring them to the stock broker upfront.

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    Market Infrastructure

    Australia Passes Bill to Establish Compensation Scheme of Last Resort

    By Sanday Chongo Kabange | 25/06/2023

    The CSLR will facilitate the payment of up to A$150,000 in compensation for financial services consumers who have unpaid determinations from AFCA.

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    Market Infrastructure

    FSC Korea Approves Financial Hub Development Plan

    By Sanday Chongo Kabange | 23/06/2023

    The financial hub development plan outline measures the FSC will undertake to promote financial hubs in South Korea.

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    Market Infrastructure

    RBA Consults on Options for Enhancing Debit Card Market

    By Sanday Chongo Kabange | 23/06/2023

    The RBA seeks to prevent any one debit network from being given routing priority at issuance for domestic transactions.

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    Market Infrastructure

    CFTC to Propose Rule on Operational and Cyber Resilience

    By Editors | 23/06/2023

    CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.

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    Market Infrastructure

    FSC Korea Designates KOFIA as CD Rate Administrator

    By Sanday Chongo Kabange | 23/06/2023

    With KOFIA designated as the administrator, the CD rate will begin to have legal effect as a critical benchmark rate starting on 2 October.

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    Market Infrastructure

    Philippines Sets Temporary Replacement Rate for LIBOR

    By Editors | 23/06/2023

    The temporary O/N reference rate to replace LIBOR will be based on the 28-day BSP bill rate. A permanent benchmark and “credible” yield curve will be developed by January 2024.

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    Fintech / Regtech

    FSB Consults on Third-Party Risk Management Toolkit

    By Editors | 23/06/2023

    The toolkit has been developed amid a growing reliance on third-party service providers for critical financial sector operations.

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