Market Infrastructure

Market Infrastructure

HK to Introduce Incentives for Insurance-linked Securities Issuance

By Ranamita Chakraborty | 25/02/2021

Under the proposed ILS Grant Scheme, the amount of grant for each issuance will be capped at HK$12mn, depending on the maturity of the ILS.

Fintech / Regtech

Korea: Supervisory Power Struggle Deepens Between BOK, FSC

By Sanday Chongo Kabange | 25/02/2021

The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a “Big Brother law”.

Market Infrastructure

DTCC Proposes Move to T+1 in US Markets by Mid-2023

By Editors | 25/02/2021

In a new paper, DTCC outlines plans to modernise post-trade processes and facilitate an industry-wide shift to T+1 settlement in the equities market.

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.