Market Infrastructure

Market Infrastructure

US Fed Extends Swap Lines with Nine Central Banks

By Sanday Chongo Kabange | 20/06/2021

The Fed has extended facilities provided to the central banks of Australia, Korea, Singapore and New Zealand, among others.

Market Infrastructure

CBIRC Approves First Fully Foreign Owned Money Broker

By Editors | 20/06/2021

Japan’s Ueda Yagi Tanshi will become the first foreign firm to commence currency brokerage business in China under a fully-owned unit.

Market Infrastructure

UK Regulators Support US ‘SOFR First’ Proposal on Interdealer Swaps

By Editors | 17/06/2021

The FCA and BOE encourage liquidity providers to change USD linear swap trading conventions from USD LIBOR to SOFR on 26 July 2021.

Market Infrastructure

ASX Completes Corporate Actions Upgrade Project

By Sanday Chongo Kabange | 17/06/2021

The project enables full straight-through processing for corporate actions, reducing risk for market participants and facilitating more informed decision-making.

Market Infrastructure

China Issues Draft Law Aimed at Improving Audit Practices

By Manesh Samtani | 16/06/2021

The law prohibits the entities being audited from refusing to provide information, delaying such provision, and submitting false information.

Market Infrastructure

Banking on API Management to Succeed in the Digital World

By David Chan | 16/06/2021

AdNovum’s David Chan discusses the need to safeguard APIs as financial institutions increasingly seek to digitalise their services.

Market Infrastructure

OCBC Obtains Approval to Convert LIBOR Bonds to SONIA

By Ranamita Chakraborty | 16/06/2021

OCBC has become the first Singapore bank to obtain approval from bondholders to replace GBP LIBOR with SONIA as the interest rate benchmark.

Market Infrastructure

Hong Kong Needs New Cybersecurity Legislation: FSDC

By Manesh Samtani | 16/06/2021

The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.

Market Infrastructure

China Passes Law Establishing Hainan as Free Trade Port

By Sanday Chongo Kabange | 15/06/2021

The law states that Hainan will implement a “minimalist” investment approval system and create an “open, transparent, and predictable investment environment”.