MARKET INFRASTRUCTURE

Market Infrastructure

CPMI Offers Global Framework for Interlinking Payment Systems

By Editors | 12/07/2022

The growing use of APIs and the adoption of ISO 20022 have opened up new possibilities for facilitating payment system interlinking, CPMI says.

Securities / Derivatives

IOSCO Issues Op Resilience Guidance for Markets, Intermediaries

By Editors | 12/07/2022

IOSCO has set out observations and lessons learned from the pandemic response to help inform future operational resilience arrangements.

Crypto / Digital Assets

FSB Issues Statement on Crypto Assets Ahead of G20 Meeting

By Editors | 11/07/2022

The statement clarifies that so-called stablecoins and other crypto-assets “do not operate in a regulation-free space”.

Market Infrastructure

MAS Proposes to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 11/07/2022

The exemption is for market operators that verify transactions and calculate transacting parties’ obligations, but do not actually clear or settle trades.

Market Infrastructure

ARRC Issues Transition Guidance for Legacy LIBOR Cash Products

By Editors | 11/07/2022

The LIBOR Legacy Playbook will help market participants transition legacy LIBOR cash products. Refinitiv will publish fallback rates based on the CME Term SOFR rates in September.

Market Infrastructure

HK Banks Must ‘Fully’ Participate in New Credit Reference Platform

By Manesh Samtani | 11/07/2022

The new platform, expected to be launched by year-end, will serve as an interface for lenders and CRAs to share consumer credit information.

Market Infrastructure

FSB Urges Adoption of LEI in Cross-border Payments

By Editors | 10/07/2022

Using the LEI in cross-border payments could facilitate straight-through processing, reduce costs, increase transaction speeds, and facilitate KYC compliance.

Market Infrastructure

FSB Advances Work on G20 Cross-border Payments Roadmap

By Editors | 08/07/2022

The FSB has proposed KPIs and data sources for monitoring progress toward quantitative global targets for addressing the challenges faced by cross-border payments.

Big Picture

IMF Calls for Strengthening of Capital Markets Regulation

By Editors | 07/07/2022

Securities regulators have generally not seen increases in their resources despite their expanding regulatory perimeters and raised supervisory expectations.