MARKET INFRASTRUCTURE

    Market Infrastructure

    RBI Directs IFSC Banking Units to Report OTC Trades to CCIL

    By Editors | 20/05/2020

    IFSC banking units are required to report their OTC foreign exchange, interest rate and credit derivative transactions to CCIL’s reporting platform from 1 June.

    Market Infrastructure

    Clearstream, Euroclear Appoint First Chinese Bank as Common Depository

    By Editors | 20/05/2020

    As a common depository, CCB (Asia) will facilitate access to the international capital markets for Chinese issuers, and provide APAC investors easier access to the Eurobond market.

    Market Infrastructure

    S. Korea Set to Implement Asia Region Funds Passport

    By Editors | 20/05/2020

    Korea will join Japan, Thailand, Australia and New Zealand in implementing ARFP on 27 May, paving the way for cross-border sales of eligible publicly offered local funds.

    Securities / Derivatives

    LCH Launches Central Clearing for Derivatives Referencing SORA

    By Manesh Samtani | 19/05/2020

    The launch is heralded as a major milestone to deepen liquidity and catalyse the growth of the SORA market. StanChart was party to the first cleared derivatives trade referencing SORA.

    Market Infrastructure

    DTCC Explores Further Digitalisation in Public & Private Markets

    By Editors | 19/05/2020

    Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.

    Market Infrastructure

    FSC Korea Targets ASEAN Expansion in Financial Hub Plan

    By Editors | 18/05/2020

    A new three-year plan to establish Korea as a financial hub involves regulatory reforms to promote innovation, enhance domestic infrastructure, and build its ASEAN presence.

    Market Infrastructure

    BOK Asks FIs to Get Ready for LIBOR Roadmap Release

    By Editors | 18/05/2020

    A subgroup of the Benchmark Rate Reform Task Force is in the process of drafting a LIBOR transition roadmap to ensure that Korean FIs can use alternative rates starting from 2022.

    Market Infrastructure

    EU Banking Bodies Request Delay of T2-T2S Consolidation Project

    By Manesh Samtani | 17/05/2020

    The associations have cited impacts from Covid-19 and SWIFT’s decisions to delay ISO 20022 migration for cross-border payments as the primary reasons for the requested delay.

    Market Infrastructure

    CCP Margin Models May Need Fine-tuning: BIS Paper

    By Editors | 15/05/2020

    Some CCP margin models underestimate market volatility because they rely on a short period of historical price movements from tranquil times, the paper says.

    Market Infrastructure

    China Issues Guidelines on Greater Bay Opening Up

    By Editors | 15/05/2020

    The PBOC will pilot cross-border PE and VC investments and explore the establishment of a futures exchange in Guangzhou and an international commercial bank to serve Greater Bay Area.

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