Market Infrastructure

Market Infrastructure

Implementation of Global Tax Reforms to Be Delayed

By Editors | 26/05/2022

The full text of the agreement will not be ready by mid-year as originally planned. Implementation is now expected in 2024 rather than 2023.

Crypto / Digital Assets

SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems

By Sanday Chongo Kabange | 25/05/2022

SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.

Market Infrastructure

Singapore, Switzerland to Promote Cross-border Data Connectivity

By Editors | 25/05/2022

MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.

Market Infrastructure

SEBI Updates Market Infrastructure Cyber Security Framework

By Editors | 24/05/2022

Stock exchanges, clearing corporations, and depositories are required to conduct a comprehensive cyber audit at least twice each financial year.

Market Infrastructure

CSRC to Fully Implement DvP Settlement in Securities

By Editors | 24/05/2022

The rules taking effect on 20 June will enable DvP settlement for institutional investors and reduce the reserves settlement participants have to hold.

Market Infrastructure

ARRC Endorses 12 Month Term SOFR for Legacy LIBOR Loans

By Manesh Samtani | 24/05/2022

ARRC approved the CME 12-month Term SOFR rate for legacy LIBOR consumer products and trade and receivables finance.

Market Infrastructure

China’s Futures and Derivatives Law: A New Era

By Jonathan Quie | 24/05/2022

The new law sets the stage for the continued growth and development of the country’s capital market, say Melody Yang and Jonathan Quie.

Big Picture

NGFS Issues Reports on Climate-related Risks and Ratings

By Editors | 24/05/2022

Two new reports shed light on the extent to which climate risks are taken into account by FIs and affect credit ratings.

Securities / Derivatives

ISDA Offers Derivatives Policy Guidance to Emerging Markets

By Editors | 23/05/2022

ISDA’s paper offers a framework for emerging and developing market policymakers seeking to transpose global standards for derivatives markets in local rule sets.