MARKET INFRASTRUCTURE

Capital / Liquidity

ASX Recalibrates Capital Requirements for Clearing Participants

By Manesh Samtani | 20/01/2022

An October 2020 proposal to introduce ‘Adjusted Liquid Capital’ as a single capital measure will be implemented no earlier than February 2023, with some adjustments.

Market Infrastructure

CSRC Proposes to Enhance Securities Settlement System

By Darien Choong | 19/01/2022

The draft rules enable DvP settlement for proprietary and custody businesses involving institutional investors by linking securities transfers to cash payments.

Market Infrastructure

HKMA Emphasises PvP Settlement in Revised FX Guidance

By Manesh Samtani | 19/01/2022

Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.

Crypto / Digital Assets

IOSCO Calls for Greater Use of Global Supervisory Colleges

By Editors | 19/01/2022

Global supervisory colleges can help strengthen cooperation between regulators, promote information sharing, and address market fragmentation.

Big Picture

Quantitative Easing Ineffective at Driving Firms to Invest

By Mark Johnston | 18/01/2022

Weaker firms respond to lower long-term yields by refinancing debt. Healthier firms tend to increase cash holdings and share buybacks.

ESG / Sustainability

ESG Explainer: UK Sustainability Disclosure Requirements

By ESG Investor | 17/01/2022

New framework aims to broaden sustainability reporting and embrace double materiality but faces long path to law.

Big Picture

IOSCO Outlines Pandemic Lessons on Operational Resilience

By Editors | 14/01/2022

The pandemic highlighted that greater automation of compliance and supervisory processes may better accommodate a remote workforce.

ESG / Sustainability

TAIFEX to Add More Mini Contracts, Night Products in 2022

By Editors | 13/01/2022

TAIFEX will also replace its older trading system equipment by Q4 2022 to improve trading efficiency, market capacity and service delivery.

Crypto / Digital Assets

BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems

By Editors | 13/01/2022

In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.