MARKET INFRASTRUCTURE

Market Infrastructure

HKMA to Commence Review of Front Office Incentive Systems

By Manesh Samtani | 17/03/2021

The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.

Big Picture

DTCC Proposes Plan to Harmonise Global Trade Reporting

By Manesh Samtani | 17/03/2021

DTCC proposes plan to eliminate cross-jurisdictional differences in trade reporting standards to boost transparency and the monitoring of systemic risk.

Market Infrastructure

Australia to Amend OBU Regime to Address OECD Concerns

By Ranamita Chakraborty | 15/03/2021

The government will consult with industry on alternative measures to ensure activity remains in Australia when the OBU regime ends.

Market Infrastructure

MAS Proposes Exemption Framework for Foreign Offices of FIs

By Editors | 15/03/2021

MAS is proposing to introduce an exemption framework for foreign head offices or branches that is similar to the proposed notified FRC framework issued in June 2020.

Market Infrastructure

China Pilots Greater FX Autonomy for Multinational Companies

By Editors | 14/03/2021

Under the pilot programme, certain multinational companies will be able to purchase foreign currencies at their discretion, rather than seeking authorisation for each transaction.

Market Infrastructure

SWIFT to Launch Enhanced Platform in November 2022

By Editors | 14/03/2021

The first release of the enhanced platform will go live in November 2022, supporting MT messaging and ISO 20022, while also allowing connections via APIs.

Market Infrastructure

GFIT Taxonomy Should Recognise Efforts to Become Greener

By Manesh Samtani | 14/03/2021

The Japanese Bankers Association says the taxonomy should support not only ‘pure green’ activities and technologies, but also efforts to ‘become green/greener’.

Fintech / Regtech

Bangladesh Cabinet Approves Bill on Payments Supervision

By Editors | 13/03/2021

The bill is aimed at providing additional safeguards against fraud, allowing Bangladesh Bank to monitor all electronic payments and penalise violations.

Market Infrastructure

Vietnam Works to Address System Overloads at HoSE

By Sanday Chongo Kabange | 13/03/2021

Industry body VAFI is calling for new management at HoSE. Meanwhile, HNX is setting up a new board to absorb HoSE-listed companies to ease market overload issues.