Market Infrastructure

Market Infrastructure

SONIA Quoting Conventions to be Adopted in UK Swaps Market

By Editors | 01/10/2020

Interdealer brokers should base quotes in the sterling swaps market on SONIA rather than LIBOR from 27 October, the FCA and BOE say.

Market Infrastructure

DBS, ICBC Issue First Club Loan Pegged to SORA

By Editors | 01/10/2020

The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.

Fintech / Regtech

MAS Orders Wirecard Entities to Cease Singapore Payment Services

By Editors | 30/09/2020

Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.

Market Infrastructure

APRA Resumes Consultation on Confidentiality of ADI Data

By Editors | 29/09/2020

APRA proposes that ADI data related to capital adequacy, liquidity, asset quality, financial statements, and financial performance be determined non-confidential.

AML / KYC

The New Cold War Is Financial

By Tom Keatinge | 29/09/2020

Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.

Big Picture

IBOR Phase-out Plans on Track Despite Covid: Moody’s

By Manesh Samtani | 29/09/2020

But challenges remain, including limited liquidity in ARR markets, uncertainties on term rates and credit spread adjustments, and operational issues.

Fintech / Regtech

RegTech Asia 2020: Trends, Review and Outlook

By Editors | 28/09/2020

How has the regtech industry has weathered the Covid-19 storm and provided support to global initiatives designed to keep our economies moving?

Fintech / Regtech

PayNow Banks Raise Default Limit for Ad-hoc Transactions

By Editors | 28/09/2020

Customers can enjoy the convenience of making higher value transfers without adding the recipient as a payee, ABS said in a statement.

Fintech / Regtech

HKMA Selects ConsenSys to Lead Next Phase of CBDC Project

By Editors | 28/09/2020

Project Inthanon-LionRock studied the application of a CBDC for cross-border payments. ConsenSys will lead implementation of the project’s next phase.