MARKET INFRASTRUCTURE

Market Infrastructure

New Zealand Consults on Regulations to Support CoFi Regime

By Editors | 01/10/2022

Two consultations have been issued, including an exposure draft on regulations defining prohibited volume-based sales incentives.

Capital / Liquidity

Standard Setters Publish Review of Global Margining Practices

By Editors | 30/09/2022

Market volatility and model reactions to volatility were responsible for the majority of the peak increase in IM requirements in March and April 2020.

Securities / Derivatives

HKMA Unveils Details of Financial Forum to be Held in November

By Manesh Samtani | 29/09/2022

Financial Secretary Paul Chan said this week that “bold reforms” are in the pipeline to attract talent and enterprises to the city.

Crypto / Digital Assets

BIS Announces Successful Completion of mBridge CBDC Pilot

By Editors | 29/09/2022

The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

Capital / Liquidity

PBOC Raises Costs for Firms to Bet Against the Yuan

By Editors | 29/09/2022

The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.

Market Infrastructure

SEBI Developing New Settlement Process for Stock Market

By Editors | 28/09/2022

Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.

Market Infrastructure

India’s CCIL Proposes to Create Infrastructure for UMR Compliance

By Manesh Samtani | 28/09/2022

CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.

Market Infrastructure

Indonesian Lawmakers Pass Personal Data Protection Law

By Editors | 28/09/2022

The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.

Market Infrastructure

SEBI Orders Separation Between CRAs and Non-Rating Affiliates

By Editors | 27/09/2022

Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.