MARKET INFRASTRUCTURE

Capital / Liquidity

ESMA Follows Through with De-recognition of Indian CCPs

By Manesh Samtani | 03/05/2023

So far Indian markets have not faced disruptions. This is attributed to the concessions provided by French and German regulators.

Market Infrastructure

Indonesia, Korea to Use Local Currency in Bilateral Transactions

By Editors | 02/05/2023

BI and BOK will enable direct exchange rate quotations between the Korean won and the Indonesian rupiah in interbank trading.

Market Infrastructure

Singapore, US Run Cross-border Cybersecurity Exercise

By Editors | 02/05/2023

US Treasury and MAS tested information exchange protocols and incident response coordination for cyber incidents involving banks operating in both jurisdictions.

Market Infrastructure

New BOJ Governor to Review Past Monetary Policy Moves

By Editors | 01/05/2023

The review will look into various monetary policy moves taken over the past 25 years, and not be tied to near-term policy shifts.

Market Infrastructure

PBOC Issues Rules to Facilitate Introduction of Swap Connect

By Editors | 01/05/2023

Initially, centrally-cleared interest rate swap products will be eligible for trading under the northbound scheme. A southbound leg will be considered later.

Fintech / Regtech

ASX Issues Update on CHESS Replacement Partnership Programme

By Editors | 01/05/2023

Under the A$70mn Partnership Programme, ASX will offer payouts to stakeholders to support their efforts in meeting project milestones.

Market Infrastructure

China Uses CNY Cross-border More than USD for First Time

By Editors | 30/04/2023

The yuan was used in 48.4 percent of China’s cross-border transactions in March, compared to 46.7 percent for the dollar.

AML / KYC

SFC Chief Julia Leung Offers View Into 2023 Priorities

By Manesh Samtani | 29/04/2023

Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.

Market Infrastructure

Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB

By Editors | 28/04/2023

A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.