MARKET INFRASTRUCTURE

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.