MARKET INFRASTRUCTURE

Market Infrastructure

HKMA Gives Banks 18m to Enhance Operational Risk Management

By Manesh Samtani | 26/07/2022

Banks are expected to implement the revised SPM module on operational risk management by 25 January 2024.

Market Infrastructure

TAIFEX Launches Central Clearing Service for OTC Derivatives

By Editors | 26/07/2022

Central clearing makes OTC derivatives trading safer, more efficient, and more competitive for participants, FSC chair Huang Tien-mu said at the launch ceremony.

Market Infrastructure

SOFR Academy, Invesco Launch New Credit Spread Indices

By Editors | 26/07/2022

The new indices – known as AXI and FXI – will serve as forward-looking credit spread add-ons for SOFR for use in lending and derivatives markets.

Securities / Derivatives

SGX, NYSE Agree to Collaborate on Dual Listings

By Editors | 25/07/2022

The agreement also covers the joint development of new ESG, index, and ETF products to address the growing needs of market participants and investors.

Market Infrastructure

HKMA Further Enhances RMB Liquidity Facility

By Editors | 25/07/2022

The enhancements will increase the size of the RMB Liquidity Facility, streamline its operation, and reduce the rates applicable to overnight repo.

Market Infrastructure

Fed Consults on Default Rules for Legacy LIBOR Contracts

By Editors | 24/07/2022

The rules would implement a law enacted earlier this year that provides a uniform solution for replacing LIBOR references in contracts without adequate fallback provisions.

Crypto / Digital Assets

ISSA Finds ‘Major Upsurge’ in DLT Use in Financial Markets

By Editors | 24/07/2022

Over 30% of the industry using DLT in live production, finds ISSA survey, conducted by the ValueExchange with support from Accenture, Broadridge and VMWare.

Capital / Liquidity

Central Bank Liquidity Bridges Lower Costs of Cross-border Payments

By Editors | 24/07/2022

CPMI says central bank liquidity bridges can help reduce funding costs, FX costs, credit risks and operational risks for payment system participants.

Market Infrastructure

NZ FMA Consults on New Licence Conditions Under CoFi

By Editors | 21/07/2022

Banks, insurers and non-bank deposit takers will need a ‘financial institution licence’ issued by the FMA starting in early 2025.