MARKET INFRASTRUCTURE

Market Infrastructure

EU Commission Proposes New Rules on Clearing, Listing

By Editors | 11/12/2022

EU market participants will have to hold “active accounts” at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.

Market Infrastructure

RBI Restores Pre-pandemic Market Hours for Certain Markets

By Editors | 09/12/2022

Commercial paper, certificates of deposit, corporate bond repo and rupee interest rate derivatives markets will be restored to 9am-5pm.

Big Picture

BIS Calls Out Stability Risks From ‘Hidden’ FX Swap Debt

By Editors | 08/12/2022

The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains “stubbornly high”.

Market Infrastructure

Clearstream to Open Up Access to Korea Treasury Bonds

By Editors | 08/12/2022

The move comes after Korea passed a bill exempting non-residents and foreign corporations from having to pay income and capital gains tax on government bonds.

Fintech / Regtech

NPCI Extends UPI Market Cap Compliance Deadline to End 2024

By Mark Johnston | 07/12/2022

The NPCI has for the third time extended its compliance deadline for imposing a 30 percent market cap limit on UPI payment apps.

Fintech / Regtech

CFTC Goes Live With New Swap Data Reporting Requirements

By Editors | 07/12/2022

The changes introduce new and updated data fields to drive the submission of more standardised trade data, largely based on the CDE developed by CPMI and IOSCO.

Securities / Derivatives

Malaysia Developing New Technology Risk Management Framework

By Editors | 07/12/2022

The new framework will significantly increase the capital market’s ability to detect and mitigate the risks that come with new technologies, SC chairman said.

Market Infrastructure

Chinese, Hong Kong Firms Increasingly Setting Up in Singapore

By Editors | 06/12/2022

Up to 500 Chinese companies are estimated to have set up in Singapore this year. Meanwhile Hong Kong hedge funds are increasingly setting up operations in the city-state.

Market Infrastructure

HKTR Announces Transitional Arrangement to Accommodate UTI Reporting

By Editors | 05/12/2022

Due to different UT adoption timelines across jurisdictions, reporting entities are allowed to report the UTI in any of the data fields of “UTI-USI”, “UTI-TID” or “Global UTI”.