Market Infrastructure

Market Infrastructure

ASIC Calls on Industry to Bolster Resilience to Market Outages

By Manesh Samtani | 05/07/2022

Market participants should not delay broader planning and change programmes aimed at ensuring their resilience to market outages, ASIC says.

Market Infrastructure

UK FCA Consults on Remaining LIBOR Transition Steps

By Editors | 04/07/2022

The FCA is seeking views until 24 August on winding down synthetic sterling LIBOR and US dollar LIBOR.

Fintech / Regtech

Australia Commences Roll-out of New Payments Service PayTo

By Editors | 04/07/2022

PayTo checks upfront for adequate funds in the paying customer’s account at payment initiation, reducing rejected payments and manual exception handling.

Market Infrastructure

US Fed Delays ISO 20022 Implementation Until March 2025

By Editors | 03/07/2022

ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

Crypto / Digital Assets

FSB Plenary Highlights Continued Financial Stability Concerns

By Editors | 03/07/2022

The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.

Enforcement

SEBI Fines NSE, Officials, Brokers in Colocation Case

By Editors | 02/07/2022

SEBI fined the NSE, five officials, Sampark Infotainment, two brokerage firms and nine other individuals connected to the case.

Market Infrastructure

China Proposes New Cross-Border Data Transfer Mechanism

By Editors | 01/07/2022

Eligible companies can transfer data across borders by signing standard contracts with overseas recipients that align with China’s data protection law.

ESG / Sustainability

GFXC Launches New Tool to Drive Adoption of FX Global Code

By Editors | 01/07/2022

The new web-based prototype tool will reduce the barriers to signing the Code and encourage adoption by more buy-side firms.

Market Infrastructure

FMSB Publishes Best Practices for Trading Platform Disclosures

By Editors | 30/06/2022

Trading platform arrangements should contain information about trading protocols, counterparty name disclosure, prioritisation, use of last look, and trade dispute resolution.