MARKET INFRASTRUCTURE

    Market Infrastructure

    PBOC to Promote Interbank Repo Rates in Financial Products

    By Editors | 31/08/2020

    Interbank bond repo rates have been based on actual transactions for over 20 years, the PBOC said, pledging to enhance its benchmark interest rate system.

    Market Infrastructure

    ESMA Postpones CSDR’s Settlement Discipline Regime

    By Editors | 31/08/2020

    The regime was initially due to come into force from September 2020 before it was deferred to February 2021. The new effective date is 1 February 2022.

    Market Infrastructure

    Hong Kong: OTC Clear Launches Sponsored Clearing Model

    By Manesh Samtani | 31/08/2020

    Foreign banks in Hong Kong that are unable to become full clearing members can use the ‘Sponsored Settlement Member’ model to access central clearing via OTC Clear.

    Market Infrastructure

    APRA Issues 3rd Consultation Package on Superannuation Data Collection

    By Editors | 30/08/2020

    The third package contains consultation materials covering four areas: expense reporting, asset allocation, insurance arrangements, and fees and costs.

    Market Infrastructure

    Japan FSA to Ease Administrative Procedures for Foreign Entrants

    By Editors | 30/08/2020

    The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.

    AML / KYC

    US Agencies Warn of North Korean ATM Cash-out Threat

    By Manesh Samtani | 30/08/2020

    The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.

    Market Infrastructure

    SFC, CSRC Approve Hong Kong-Mainland ETF Cross-listing

    By Manesh Samtani | 28/08/2020

    The new scheme follows the resumption of discussions between the SFC and CSRC in January on setting up an ETF Connect mechanism, after technical issues impeded earlier progress.

    Market Infrastructure

    DDoS Attacks Force Fourth Day of Market Closure at NZX

    By Manesh Samtani | 27/08/2020

    The hacker group said to be responsible has reportedly also carried out attacks against MoneyGram, YesBank India, Worldpay, PayPal, Braintree and Venmo this week.

    Capital / Liquidity

    SGX to Offer Free Analytics to Facilitate UMR Preparation

    By Manesh Samtani | 26/08/2020

    Through a partnership with Cassini Systems, SGX will provide market participants the analysis needed to understand how they can reduce the UMR cost burden.

    Capital / Liquidity

    FSB Publishes ‘Key Attributes’ Assessment Methodology for Insurance

    By Editors | 25/08/2020

    The methodology will guide the assessment of how well a jurisdiction’s insurance resolution framework aligns with the FSB’s Key Attributes for effective resolution regimes.

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