Market Infrastructure

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.

Market Infrastructure

Rules Proposed to Adopt T+1 in US Muni Bond Market

By Editors | 31/03/2023

US equities and corporate bond markets will move to T+1 on 28 May 2024. The same implementation date is proposed for municipal securities.

Capital / Liquidity

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Market Infrastructure

LME Group Unveils Plans to Strengthen Metals Markets

By Editors | 30/03/2023

The LME is making daily price limits permanent, revising its margin methodology, and developing a China-based spot market offering for Class II nickel products.