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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.
Market Infrastructure
NZ Privacy Commissioner Issued Compliance Notice to RBNZ
By Editors | 16/09/2021
The compliance notice was triggered by the cyber-attack suffered by the RBNZ in December 2020, and confirms the work underway to make its systems more secure.
Fintech / Regtech
DTCC to Launch DLT-Based Settlement Platform in Q1 2022
By Editors | 15/09/2021
Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.
Market Infrastructure
HKEX to Roll Out New Market Access Platform on 27 September
By Editors | 15/09/2021
The change is expected to improve latency, deliver higher performance, and provide greater flexibility to implement new functionalities in the future.
Big Picture
Australia Can Do More to Facilitate Sustainable Recovery: OECD
By Editors | 15/09/2021
The OECD recommends the creation of a roadmap for improving reporting of climate-related risks by listed companies and financial institutions.
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