Market Infrastructure

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    AML / KYC

    European Parliament Gives Final Approval on MiCA Law

    By Manesh Samtani | 21/04/2023

    MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.

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    Market Infrastructure

    CFETS Invites Foreign Investors to Apply for Membership

    By Editors | 20/04/2023

    Foreign institutional and central bank-like investors investing in China’s bond market can apply to become CFETS members and participate in the FX market.

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    Fintech / Regtech

    Financial Sector Participating in Global Cyber Defence Exercise

    By Editors | 20/04/2023

    FS-ISAC member firms including Barclays, CME Group, Mastercard and Santander are participating in the so-called ‘Locked Shields’ exercise this year.

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    Crypto / Digital Assets

    BIS, BOE Unveil Findings from Payments Synchronisation Project

    By Manesh Samtani | 19/04/2023

    Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.

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    Crypto / Digital Assets

    Australia Considers Outright Ban on Ransom Payments

    By Mark Johnston | 19/04/2023

    The ACSC recommends that victims of ransomware attacks never pay a ransom. The government is considering a law prohibiting attack victims from paying ransoms.

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    Market Infrastructure

    NSE IFSC-SGX Connect to Fully Launch on 3 July

    By Editors | 18/04/2023

    SGX will migrate all open positions in SGX Nifty to the relevant NSE IFSC NIFTY contracts during the weekend of 30 June.

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    Market Infrastructure

    BOE, CFTC Strengthen Supervisory Cooperation on CCPs

    By Editors | 18/04/2023

    The Bank of England will rely on the CFTC for supervision and oversight of US-based CCPs offering clearing services in the UK.

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    Market Infrastructure

    DSB Launches UPI User Acceptance Test Environment

    By Manesh Samtani | 17/04/2023

    The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.

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    Big Picture

    AFME, FESE Call for Action on EU Consolidated Tape

    By Editors | 17/04/2023

    Ahead of EU trilogues on the MiFIR Review, AFME is highlighting the important role of systematic internalisers and FESE is calling for a PFOF ban.

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    ESG / Sustainability

    HKEX: Climate-related Disclosures to Become Mandatory in 2024

    By Manesh Samtani | 16/04/2023

    New rules aligned with the TCFD recommendations and the ISSB Climate Standard will become effective in January 2024.

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