MARKET INFRASTRUCTURE

Big Picture

DTCC Calls for Greater Scrutiny of Interconnectedness Risks

By Editors | 05/05/2022

Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.

Market Infrastructure

RBA Calls on Major Banks to Enhance NPP Services

By Editors | 05/05/2022

The RBA is seeking assurances on the timely implementation of new NPP services, and asking banks to improve the reliability of the NPP services they already provide.

Capital / Liquidity

ISDA to Recognise China as Clean Netting Jurisdiction

By Editors | 04/05/2022

ISDA plans to publish a legal opinion recognising China as a jurisdiction in which close-out netting can be applied, paving the way for a more diversified onshore derivatives transactions.

Market Infrastructure

US, Europe to Pilot Real-time Cross-border Payments This Year

By Editors | 03/05/2022

The IXB pilot service will initially support instant payments in the USD-EUR corridor, with a full-service offering expected in 2023.

ESG / Sustainability

EFRAG Consults on European Sustainability Reporting Standards

By ESG Investor | 03/05/2022

The double materiality-based standards are designed to underpin the EU’s Corporate Sustainability Reporting Directive.

ESG / Sustainability

CSRC Launches Campaign to Expand Public Funds Market

By Manesh Samtani | 03/05/2022

Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.

Market Infrastructure

DSB Issues Consultation on OTC ISIN and CFI Service

By Editors | 30/04/2022

The consultation focuses on remediation work following a technical review of the DSB’s cloud infrastructure, enterprise-wide risk monitoring tools, and GUI enhancements.

Market Infrastructure

CSRC Proposes to Tighten Rules on Cybersecurity Management

By Editors | 30/04/2022

Securities and futures firms will have to establish risk monitoring and early warning systems, and strengthen daily vulnerability scanning and security assessments.

ESG / Sustainability

Asset Managers Report EU Taxonomy Teething Problems

By ESG Investor | 30/04/2022

A new PRI report outlines recommendations to ensure clarity and ease the reporting process.