Market Infrastructure

Capital / Liquidity

CPMI-IOSCO Takes Stock of CCP Practices for Addressing Non-default Losses

By Editors | 24/08/2023

CPMI and IOSCO intend to publicly consult on further guidance for CCPs on addressing NDLs arising from scenarios like system outages and cyber attacks.

Market Infrastructure

China Announces Tax Incentives to Support Capital Market

By Editors | 24/08/2023

The tax benefits are applicable to depositary receipts, commodity futures, Stock Connect, the MRF programme, equity incentives and VC firms.

Fintech / Regtech

Swift Achieves FSB Speed Target for Cross Border Payments

By Editors | 23/08/2023

89% of transactions processed on the Swift network now reach recipient banks within one hour. The FSB target was 75% by 2027.

Market Infrastructure

India’s Finance Minister Reviews Progress of GIFT City

By Mark Johnston | 22/08/2023

Nirmala Sitharaman reviews GIFT City’s progress, saying a legal framework for accounting, auditing, and taxation professionals will soon be in place.

Market Infrastructure

Indonesia, Singapore Start QR Payment Interconnection Trial

By Sanday Chongo Kabange | 21/08/2023

The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.

Market Infrastructure

China Unveils Package of Measures to Reinvigorate Stock Market

By Manesh Samtani | 21/08/2023

The measures include reducing transaction fees, encouraging stock buybacks by listed companies, and a possible extension of trading hours.

Market Infrastructure

FSS Korea Targets Internal Controls, Lending Compliance at Banks

By Manesh Samtani | 20/08/2023

Bank presidents asked to inspect their institutions’ internal control systems, and to do more to contain rising levels of household indebtedness.

Fintech / Regtech

ASX Issues Response Plan to Ensure Delivery of CHESS Replacement

By Editors | 18/08/2023

ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.

Market Infrastructure

Bangladesh Defends Against Nationwide Cyber Attacks

By Mark Johnston | 17/08/2023

Several warnings were issued in the lead-up to Tuesday’s attacks. 25 public and private institutions are reported to have been breached.