Market Infrastructure

Big Picture

BIS Examines Adequacy of Operational Resilience Requirements

By Editors | 31/08/2022

Bigtech groups that are interconnected within the financial industry should be subject to group-wide requirements on operational resilience.

Market Infrastructure

Singapore Industry Group Launches New Funds Settlement Utility

By Editors | 31/08/2022

The utility will reduce manual steps, centralise processing, and facilitate reconciliation, thereby reducing settlement time and improving efficiency.

Fintech / Regtech

US to Launch FedNow Instant Payments Platform in Mid 2023

By Editors | 31/08/2022

The technical testing phase of the new FedNow Service will kick off in mid-September. The service will be ready to launch between May and July of 2023.

Securities / Derivatives

Sri Lanka Launches Third Phase of Capital Market Digitisation

By Duruthu E Chandrasekera | 30/08/2022

SEC chairman Viraj Dayaratna said the CSE will introduce new products, including paper gold, SPACs, Islamic products, structured warrants and green bonds.

Crypto / Digital Assets

MAS to Strengthen Retail Protections from Crypto Harms

By Manesh Samtani | 30/08/2022

MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.

Fintech / Regtech

Indonesia, Singapore Commence Work on QR Payment Link

By Manesh Samtani | 29/08/2022

Bank Indonesia also launched the “international QRIS”, initially connecting to Thailand’s payment system, and have a retail CBDC in the works.

Market Infrastructure

New Zealand FMA Sets Out Priorities in New Corporate Plan

By Editors | 29/08/2022

The FMA will prioritise work on three new legislative regimes: financial advice licensing, climate-related disclosures, and conduct licensing.

Market Infrastructure

US, Chinese Authorities Sign Audit Cooperation Deal

By Manesh Samtani | 29/08/2022

PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.

Securities / Derivatives

BOE Confirms Plans to Remove USD LIBOR Contracts from DCO

By Editors | 26/08/2022

The BOE will add SOFR overnight index swaps to the scope of contracts subject to the derivatives clearing obligation and remove USD LIBOR contracts in April 2023.