MARKET INFRASTRUCTURE

Market Infrastructure

OSE, TOCOM Launch New Derivatives Trading System

By Editors | 20/09/2021

J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.

Fintech / Regtech

PBOC Targets February 2022 Launch of Digital Yuan

By Sanday Chongo Kabange | 20/09/2021

The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.

Market Infrastructure

BSP Instructs Banks to Proactively Transition from LIBOR

By Editors | 20/09/2021

The BSP is not looking to prescribe specific alternative reference rates for use by Philippine banks, saying these choices should be market-driven.

Capital / Liquidity

India Authorises Sovereign Guarantee for New ‘Bad Bank’

By Editors | 20/09/2021

India’s new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.

Market Infrastructure

HKMA Names Market Makers for Southbound Bond Connect

By Editors | 18/09/2021

The designated market makers were selected based on several criteria, including their Hong Kong bond market activities and their counterparty networks with Mainland FIs.

Market Infrastructure

RFR Adoption Reaches New Heights in Key LIBOR Markets

By Manesh Samtani | 18/09/2021

RFR adoption jumped in August in Japan and Switzerland. The US and UK are seeing steady progress. ISDA chief Scott O’Malia says there is no room for complacency.

Market Infrastructure

BSP Directs Payment Systems to Adopt PFMI Standards

By Editors | 18/09/2021

Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.

Enforcement

Philippine Lawmaker Introduces Bill to Tackle Rising Cybercrime

By Ranamita Chakraborty | 17/09/2021

The bill requires banks and non-bank FIs to “exhaust all means to ensure that victims are able to recover their monetary loss, if any”.

Market Infrastructure

India’s UPI to Extend QR Payments to 10 Asian Markets

By Ranamita Chakraborty | 17/09/2021

Users of NPCI’s BHIM mobile app will be able to make UPI QR-based payments at merchants progressively across north and southeast Asia from early 2022.