MARKET INFRASTRUCTURE

Fintech / Regtech

New Zealand Confirms Plans to Roll-out Out Open Banking

By Editors | 16/11/2022

The banking industry will be the first sector in New Zealand to implement a Consumer Data Right mechanism, like in Australia.

Market Infrastructure

PCAOB Had “Good Access” During Hong Kong Audit Inspection – Report

By Editors | 16/11/2022

The PCAOB reportedly gained all the information it requested during its inspection, but a decision has not yet been made regarding its dispute with Chinese regulators.

Market Infrastructure

Beijing Stock Exchange Marks First Anniversary Since Launch

By Editors | 16/11/2022

The BSE issued new rules for margin financing and securities lending business, in a bid to further improve market liquidity and pricing efficiency.

Securities / Derivatives

ESMA Recognises Bursa Malaysia Derivatives Clearing as TC-CCP

By Editors | 16/11/2022

The recognition will make it easier and more cost-effective for European counterparties to access Malaysia’s derivatives market.

Market Infrastructure

Chinese Firms Continue to List GDRs on SIX Swiss Exchange

By Editors | 16/11/2022

Since July eight Chinese companies have raised more than USD 2.5 billion via GDR listings on the SIX Swiss Exchange.

Big Picture

FSB Releases Final Report on Scarring Effects from Covid-19

By Editors | 16/11/2022

Russia’s invasion of Ukraine has significantly added to pre-existing challenges associated with exiting from Covid-19 policy support measures.

AML / KYC

GLEIF, SWIFT Collaborate to Enable Mapping Between MICs and LEIs

By Editors | 15/11/2022

GLEIF will publish new open-source relationship files monthly which will map Market Identifier Codes pertaining to legal entities to the corresponding LEIs.

Fintech / Regtech

Five ASEAN Central Banks Sign MoU on Payments Connectivity

By Sanday Chongo Kabange | 15/11/2022

The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.

Crypto / Digital Assets

EU Parliament Adopts DORA Text, Enforcement Expected in 2025

By Editors | 14/11/2022

New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.