Market Infrastructure

Market Infrastructure

Myanmar to Start Accepting Russian Mir Cards Next Month – Report

By Mark Johnston | 13/09/2023

Mir cards, established by the Central Bank of Russia, will be used in Myanmar as part of the military junta’s efforts to stabilise the kyat.

Crypto / Digital Assets

MUFG Tokenisation Platform Elevated to National Infrastructure in Japan

By Manesh Samtani | 13/09/2023

Progmat Inc will be jointly owned by JPX and seven other companies including the major Japanese banks, and work to advance the development of the country’s digital asset market.

Market Infrastructure

CME, DTCC Receive Approval for Cross-Margining Arrangement

By Editors | 13/09/2023

The arrangement will enable capital efficiencies for clearing members that trade and clear both US Treasury securities and CME Group interest rate futures.

Market Infrastructure

New Study Explores Feasibility of AXI, FXI Indices for Japan

By Manesh Samtani | 11/09/2023

The study assessed the feasibility of Japanese versions of the FXI and AXI indices, concluding that they can coexist with TONA and TORF.

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Market Infrastructure

Trade Bodies Call on Policymakers to Scrap EU Clearing Proposal

By Editors | 10/09/2023

A proposed requirement for market participants to hold active accounts at EU CCPs will be detrimental to EU capital markets, the trade bodies say.

Market Infrastructure

Australian Parliament Passes Financial Accountability Regime Bill

By Editors | 07/09/2023

The FAR replaces and extends the BEAR by imposing new accountability obligations on insurers, banks, super funds, and their senior executives.

Market Infrastructure

RBI, ESMA Close to Resolving Stand-Off Over CCPs – Report

By Manesh Samtani | 07/09/2023

Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.

Fintech / Regtech

SGX Gains Connectivity to FIA Tech’s Trade Data Network 

By Editors | 07/09/2023

The new connectivity will give SGX members greater transparency into their trade give up/ take in process.