Market Infrastructure

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.

ESG / Sustainability

SGX to Seek Out Acquisition Targets to Drive Growth

By Ranamita Chakraborty | 22/02/2021

SGX plans to continue its M&A focus to strengthen its FX, fixed income, data and capital markets connectivity businesses, says chief executive Loh Boon Chye.

Fintech / Regtech

RBI Enhances Security Requirements for Digital Payment Apps

By Editors | 21/02/2021

The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.

AML / KYC

BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon

By Editors | 21/02/2021

Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.

Market Infrastructure

China Considers Easing Restrictions on Offshore Investment

By Editors | 21/02/2021

Regulators will explore the feasibility of allowing individuals to use their annual foreign exchange quotas to invest in overseas markets.