Market Infrastructure

Capital / Liquidity

CBIRC Issues Clarification on Close-out Netting Enforceability

By Manesh Samtani | 02/12/2021

The CBIRC seeks to clarify the enforceability of close-out netting in China, saying the labelling of the country as a “non-netting jurisdiction” has harmed its financial institutions.

Capital / Liquidity

FSB Offers Guidance on Enhancing G-SIB Crisis Preparedness

By Editors | 01/12/2021

The FSB identifies good practices to help authorities enhance their preparedness for the management and resolution of a crisis affecting a G-SIB.

Market Infrastructure

Refinitiv Launches USD IBOR Institutional Cash Fallbacks

By Editors | 01/12/2021

Fallbacks for institutional cash products are now production benchmarks. Prototype fallbacks for consumer cash products will be launched on 3 January 2022.

Market Infrastructure

Wealth Connect to be Refined, Expanded Over Time: HKMA

By Mark Johnston | 01/12/2021

Account opening by attestation is expected to be piloted for the WMC’s Northbound scheme, allowing Hong Kong investors to participate without having to travel.

Crypto / Digital Assets

EU Closer to Adopting Crypto Assets & Digital Resilience Laws

By Sanday Chongo Kabange | 01/12/2021

Once a political agreement is reached between the European Council and the European Parliament, the draft rules can become law.

Market Infrastructure

Taiwan Listed Companies Required to Bolster InfoSec Personnel

By Darien Choong | 01/12/2021

The information security requirements are divided into three levels according to the size of companies and other conditions.

Market Infrastructure

HKEX Issues Update on FINI Operational Arrangements

By Manesh Samtani | 01/12/2021

HKEX provides key operational arrangement updates for FINI in a new information pack, including the onboarding requirements for market participants.

Fintech / Regtech

ASX Opens First Industry Test Environment for CHESS Replacement

By Editors | 01/12/2021

ITE1 is open for software providers to test functional and non-functional workflows for the new equities clearing and settlement system.

Market Infrastructure

CPMI, IOSCO Consider Client Clearing Access Models

By Editors | 29/11/2021

Improving access to client clearing is “critical” to ensuring all standardised OTC derivatives contracts are cleared through CCPs.