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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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