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Market Infrastructure
Fintech / Regtech
APAC Regulators Form New Forum to Address Cloud Risk
By Sanday Chongo Kabange | 06/04/2023
MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.
Crypto / Digital Assets
IOSCO Pledges to Deliver Sustainable Finance & Crypto Work in 2023
By Manesh Samtani | 06/04/2023
Under its new two-year work programme, IOSCO will issue a consultation on crypto asset regulation in H1 2023, and on DeFi regulation in Q3.
Market Infrastructure
Industry Bodies Say EU BMR Presents ‘Cliff-edge Risks’
By Editors | 05/04/2023
Industry bodies say only benchmarks designated as systemically important should be in scope of BMR for mandatory compliance.
Fintech / Regtech
Korea to Develop Guidance on Mitigating Technology Risks
By Manesh Samtani | 04/04/2023
The guidelines are an action item from a new task force that was created after a data centre fire disrupted Kakao’s services last October.
Market Infrastructure
Industry Asks ASIC to Lengthen SOFR OIS Implementation Period
By Sanday Chongo Kabange | 04/04/2023
ISDA and AFMA responded to an ASIC proposal to remove OIS contracts referencing USD LIBOR from derivatives clearing requirements and replace them with those referencing SOFR.
Market Infrastructure
UK FCA Announces Decision on Synthetic USD LIBOR Rates
By Editors | 04/04/2023
1-, 3- and 6-month synthetic USD LIBOR rates will continue to be published for 15 months after the USD LIBOR bank panel ceases on 30 June.
Market Infrastructure
CSRC Finalises New Rules for Futures Exchanges
By Editors | 03/04/2023
New requirements cover product listings, programmatic trading, internal governance, risk monitoring, emergency planning, and financial management, among other areas.
Market Infrastructure
China, Brazil Abandon US Dollar as Intermediary Currency
By Editors | 03/04/2023
China and Brazil will exchange renminbi and reals directly to settle trade and financial transactions.
Market Infrastructure
ASEAN to Reduce Reliance on Major Currencies to Safeguard Stability
By Editors | 02/04/2023
ASEAN finance ministers and central bank governors agreed to increase usage of local currencies for trade settlements.
Market Infrastructure
Singapore, Malaysia Launch Cross-border QR Payments Link
By Editors | 31/03/2023
The payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.
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