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Market Infrastructure
Market Infrastructure
FSB Updates Guidance on Operational Continuity in Resolution
By Manesh Samtani | 19/03/2024
A supplementary note was added to address today’s dependencies on third-party providers for critical shared services, and the digitalisation of such services.
Big Picture
Emerging Tech is Raising Cyber Risk in Financial Industry – Report
By Mark Johnston | 18/03/2024
A new IIF-McKinsey report offers a roadmap for mitigating cyber risks amidst the rapid adoption of emerging technologies in finance.
Fintech / Regtech
China UnionPay Launches Project to Optimise Payment Services
By Editors | 18/03/2024
China UnionPay will spend CNY 3 billion on acceptance terminal upgrades, signage placement and publicity in key cities.
Enforcement
CSRC Unveils New Policies for Boosting Stock Market Quality
By Manesh Samtani | 18/03/2024
The policies tighten the rules for IPO applicants, increase oversight of listed companies, and impose obligations on brokers and investment banks.
Securities / Derivatives
SEBI to Scale Back Launch of Optional T+0 Settlement Cycle
By Ajoy K Das | 18/03/2024
SEBI said the “beta version” of the optional T+0 settlement system has been approved by its board, but only for a “limited set of 25 scrips” and “with a limited set of brokers”.
Big Picture
BIS Paper Calls for Stronger Oversight of Non-bank Retail Lenders
By Mark Johnston | 17/03/2024
The paper proposes a three-pronged regulatory approach to help guide the prudential oversight of NBFI retail lenders and mitigate risks.
Market Infrastructure
Hong Kong Considers Scaling Back Severe Weather Trading Plans
By Sanday Chongo Kabange | 15/03/2024
Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.
Market Infrastructure
Japan, ASEAN Plan Joint QR Code Payment Services
By Nithya Subramanian | 15/03/2024
A standardised QR code payment system will be developed to connect service providers in different countries, facilitating cashless payments across borders.
Capital / Liquidity
RBNZ Publishes “Proportionality Framework” for New DTA Regime
By Sanday Chongo Kabange | 15/03/2024
The Proportionality Framework sets out how the RBNZ will categorise deposit takers for the purposes of developing standards.
Market Infrastructure
Australia: More Guidance Issued to Support FAR Implementation
By Editors | 15/03/2024
On top of guidance for banks, APRA and ASIC issued a consultation on FAR implementation for insurance and superannuation entities.
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