Market Infrastructure

Market Infrastructure

SEBI Issues IT System Testing Framework for MIIs

By Editors | 09/05/2023

SEBI says market infrastructure institutions, being systemically important, require their own IT systems testing framework.

Market Infrastructure

Philippine SEC Issues Guidelines on Financial Instrument Identifiers

By Editors | 09/05/2023

The SEC issued guidelines on the allocation of ISIN, CFI and FISN codes to financial instruments in the Philippines.

Capital / Liquidity

Fed Warns of Credit Contraction Resulting from Bank Stress

By Editors | 09/05/2023

Ongoing stresses in the banking system could lead to a broader contraction in credit, resulting in a “marked slowdown in economic activity”.

Market Infrastructure

RBNZ Proposes to Collect More Data on Cyber Incidents

By Editors | 09/05/2023

The RBNZ proposes to introduce mandatory reporting of all material cyber incidents within 72 hours, and periodic reporting of non-material incidents.

Fintech / Regtech

Indonesia, Malaysia Expand Cross-Border QR Payment Link

By Editors | 08/05/2023

The linkage will provide “faster, cheaper, more transparent and more inclusive cross-border payments”, said Bank Indonesia governor Perry Warjiyo.

Capital / Liquidity

Hong Kong Financial System Remains Resilient: IMF Staff

By Editors | 07/05/2023

IMF staff said credit risk will “likely continue to materialise”, and banks should properly recognise and provision for credit losses, including those from Mainland property exposures.

Market Infrastructure

Regulators Announce 15 May Launch Date for Swap Connect

By Editors | 06/05/2023

Swap Connect will allow overseas investors to trade in Mainland interest rate swap contracts on CFETS via Tradeweb and Bloomberg.

Market Infrastructure

India Asks State Lenders to Bring Overseas Business to GIFT City

By Editors | 05/05/2023

India’s government has asked public sector banks to explore consolidating the business they conduct through overseas branches to GIFT City.

AML / KYC

Chinese Firms Block Overseas Access to Corporate Data – Reports

By Editors | 05/05/2023

Wind Information Co has cut off access to databases containing information about companies’ shareholders, ultimate controllers, affiliates, and other data.