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Market Infrastructure
HKMA Directs Banks to Ensure Resiliency of Payment Operations
By Manesh Samtani | 31/07/2022
Payment-related operational incidents have impacted banks, their customers, as well as other financial institutions, including in the securities sector.
Market Infrastructure
APRA Proposes New Operational Risk Management Standard
By Editors | 29/07/2022
APRA proposes to introduce a new cross-industry prudential standard on operational risk management, which also covers third-party service providers.
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.
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