MARKET INFRASTRUCTURE

Market Infrastructure

SEBI, FinMin Order NSE to Explain Three Hour Trading Halt

By Editors | 25/02/2021

NSE had attributed the trading halt to issues with their links to two telecom service providers. An interim report is expected within 24 hours.

Big Picture

Australia On Track for Smooth IBOR Transition: S&P Global

By Manesh Samtani | 24/02/2021

Like other jurisdictions, AONIA does not yet have an established term market, however banks and corporates can reference the three-month BBSW where a term rate is needed.

Market Infrastructure

CBIRC Issues New Guidelines on Reputational Risk Management

By Editors | 24/02/2021

The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.

Market Infrastructure

Pandemic Provides Key Lessons on Outsourcing Risk: APRA

By Ranamita Chakraborty | 24/02/2021

Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.

Capital / Liquidity

DTCC Suggests Move to T+1 Settlement in US Markets

By Manesh Samtani | 24/02/2021

Reducing the settlement cycle to T+1 could reduce the NSCC’s value-at-risk clearing fund charge by 30-40 percent for sample portfolios, DTCC said.

Market Infrastructure

China State Council Issues Guideline to Support Green Initiatives

By Manesh Samtani | 23/02/2021

The guideline indicates that green finance initiatives will be given a greater weighting in financial institutions’ performance evaluations.

Fintech / Regtech

China, UAE Join HKMA-BOT Initiative to Create CBDC Bridge

By Manesh Samtani | 23/02/2021

The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.

Market Infrastructure

LCH Extends Central Clearing for SORA Derivatives to 21 Years

By Manesh Samtani | 22/02/2021

MAS will likewise extend the tenor of its daily SORA derivatives auctions with major derivatives dealers from 5-years to 20-years.

Fintech / Regtech

BSP to Draft Data Governance Policy for Financial Institutions

By Editors | 22/02/2021

The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.