Market Infrastructure

Fintech / Regtech

BIS to Advise Korea on Design & Implementation of CBDC Pilot

By Sanday Chongo Kabange | 05/10/2023

South Korean regulators will start testing a wholesale CBDC with commercial banks this month, and a retail CBDC in Q4 of next year.

Market Infrastructure

HKEX Sets Launch Date for New Stock Connect Settlement Platform

By Editors | 04/10/2023

The settlement acceleration platform, known as HKEX Synapse, will launch on 9 October 2023 and improve post-trade efficiencies.

Market Infrastructure

APRA, ASIC Publish New Guidance for Financial Accountability Regime

By Sanday Chongo Kabange | 03/10/2023

The new information package includes guidance for banks on transitioning to the FAR, including a template for producing accountability statements.

Market Infrastructure

Bursa Malaysia Extends Derivatives Partnership With CME Group

By Editors | 03/10/2023

Under the extension, Bursa Malaysia Derivatives contracts will continue to be hosted on CME Globex until September 2028.

Market Infrastructure

China, Germany to Strengthen Cooperation on Market Access

By Editors | 03/10/2023

Consensus was reached on 25 different topics, including on strengthening regulatory cooperation in the banking and insurance sectors.

Market Infrastructure

RBA Publishes Conclusions on Measures to Enhance Debit Card Market

By Editors | 02/10/2023

The RBA will not prohibit banks from setting a default routing network on dual-network cards, but said it expects faster progress on enabling least-cost routing.

AML / KYC

ESMA Withdraws JSE Clear’s Recognition Decision

By Editors | 29/09/2023

JSE Clear will no longer be permitted to provide clearing services to clearing members or trading venues in the EU.

Market Infrastructure

China Proposes to Relax Rules on Cross-border Data Transfers

By Editors | 29/09/2023

Security assessments will no longer be required for most business activities as long as personal data is limited and important data is not involved.

Securities / Derivatives

FIA Issues Recommendations for Strengthening Cyber Resilience

By Manesh Samtani | 29/09/2023

The recommendations were developed based on input from a taskforce formed by FIA in March, in response to a ransomware attack against ION Markets.