Market Infrastructure

Market Infrastructure

BSP Issues Governance Policy for Operators of Payment Systems

By Editors | 21/09/2021

Payment system operators including banks and electronic money issuers have six months to comply with the requirements.

Market Infrastructure

Canada Implements Financial Benchmarks Regulatory Regime

By Editors | 21/09/2021

CDOR is designated as a critical benchmark and Refinitiv Benchmark Services is designated as its administrator.

ESG / Sustainability

BCBS Calls on Banking Sector to Enhance Cyber Defences

By Editors | 21/09/2021

Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.

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.