Market Infrastructure

Big Picture

Exchanges Can Help Minimise Broker-Dealer Operational Risk

By Manesh Samtani | 13/09/2021

A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.

Market Infrastructure

RBC Capital Markets to Launch FX Infrastructure in Singapore

By Editors | 12/09/2021

RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.

Market Infrastructure

Mizuho Suffers Seventh System Failure For the Year

By Editors | 12/09/2021

The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.

Fintech / Regtech

RBI Account Aggregator Framework Brings Open Banking to India

By Editors | 12/09/2021

Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.

Market Infrastructure

APRA’s New Data Collection Solution Goes Live

By Editors | 12/09/2021

Banks have to maintain all BEAR information including accountability statements and maps in APRA Connect from this month.

Market Infrastructure

New Zealand Banks ANZ, Kiwibank Hit with DDoS Attacks

By Editors | 12/09/2021

ANZ said it had recovered on Thursday but online services were intermittent on Friday. Kiwibank was still working to get its systems back up through Sunday.

Market Infrastructure

CBSL Governor Steps Down as Sri Lanka Faces FX Crisis

By Editors | 12/09/2021

Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.

Fintech / Regtech

Global Central Banks Urged to Accelerate CBDC Efforts

By Manesh Samtani | 11/09/2021

Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.

Market Infrastructure

Cross-boundary Wealth Management Connect Launched

By Manesh Samtani | 10/09/2021

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.