Market Infrastructure

Market Infrastructure

Australia’s Financial Sector Welcomes 2021‑22 Budget Initiatives

By Manesh Samtani | 12/05/2021

The measures include an FMI reform package, relief for foreign financial service firms, changes to the superannuation system, and a new commencement date for the CCIV regime.

Market Infrastructure

DSB Launches Second Consultation on UPI Fee Model

By Manesh Samtani | 12/05/2021

The consultation covers UPI data access mechanisms, file download timing, user fees, a proposed contingency fund, cost allocation, invoicing, and capex amortisation.

Market Infrastructure

RBI to Review Supervisory Process for Banks, UCB, NBFCs

By Ranamita Chakraborty | 12/05/2021

Firms are invited to help the RBI review its supervisory processes for the banking sector and the supervisory ratings models used for UCBs and NBFCs.

Market Infrastructure

CBIRC to Implement New Licensing Rules for FIs From 1 July

By Sanday Chongo Kabange | 11/05/2021

Under the new rules, CBIRC supervised institutions will be classified into three categories – financial, insurance and insurance intermediary.

Market Infrastructure

Technology Skills in Short Supply in Financial Sector: Menon

By Ranamita Chakraborty | 11/05/2021

A mismatch between demand and supply means that Singapore will have to continue to depend on foreigners to fill growing vacancies for technology jobs.

Fintech / Regtech

Australia Set to Announce A$1.2bn Digital Economy Strategy

By Editors | 10/05/2021

The full strategy will be released on 11 May, and include investments in artificial intelligence, cyber security, the CDR rollout, and Australia’s digital identity system.

Market Infrastructure

MAS Issues Revised Corporate Governance Guidelines for FIs

By Manesh Samtani | 09/05/2021

The guidelines provide good practices that financial institutions should observe in relation to their corporate governance and remuneration frameworks.

Market Infrastructure

ARRC Identifies Indicators for Recommending SOFR-based Term Rate

By Editors | 09/05/2021

The ARRC has published guidance on the indicators it will use to measure the progress needed to recommend a SOFR-based term rate.

Capital / Liquidity

Standard-setters Examine Margin Practices of Market Participants

By Editors | 08/05/2021

Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.