MARKET INFRASTRUCTURE

Market Infrastructure

Culture & Conduct Risk: The Normalization of Deviance

By Stephen Scott | 29/07/2021

Many still believe that misconduct can be discovered only after it occurs: a ‘detect and correct’ mindset. Starling’s Stephen Scott says a ‘predict and prevent’ approach is starting to emerge.

Market Infrastructure

BIS, MAS Set Out Blueprint for Cross-border Payments

By Ranamita Chakraborty | 29/07/2021

BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.

Market Infrastructure

RBI Opens RTGS, NEFT to Non-bank Payment System Providers

By Editors | 29/07/2021

Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.

Market Infrastructure

ASIC Faces Pushback for Higher Financial Advice Levies

By Ranamita Chakraborty | 29/07/2021

The FPA says the formula ASIC uses to estimate the industry funding levy for financial planners is not equitable or sustainable and must be reviewed immediately.

ESG / Sustainability

BOJ to Pursue ‘Learning-by-doing’ Approach to Climate Risk

By Editors | 29/07/2021

The BOJ will offer zero-interest funds to FIs making loans and investments to tackle climate change, study the programme’s impacts, and make adjustments when necessary.

Market Infrastructure

Hainan Opens Market Access with Shorter Negative List

By Sanday Chongo Kabange | 28/07/2021

Foreign businesses and individuals are required comply with just 70 special management measures in 11 industries.

Market Infrastructure

Dealers Shift Default Rate for USD Linear Swaps to SOFR

By Manesh Samtani | 28/07/2021

Market observers reported a sharp increase in SOFR swaps transacted, a trend said to be “clear and pronounced”.

Securities / Derivatives

SEBI Requires Segregation, Monitoring of Client Collateral

By Editors | 27/07/2021

The framework seeks to address previous instances of brokers defaulting and misusing clients’ securities and funds.

Market Infrastructure

Australia Consults on Expansion of CDR to Telecom Sector

By Editors | 27/07/2021

Telecommunications will be the third sector to be considered for designation after banking and energy, which were designated in 2019 and 2020.