Market Infrastructure

Market Infrastructure

ASX Responds on Tranche 1 Rule Changes for CHESS Replacement

By Editors | 25/05/2020

ASX says it will not be mandating settlement locks for CHESS holdings, given the broad support stakeholders for this approach.

Market Infrastructure

Hong Kong: National Security Law Expected to Cause Capital Flight

By Editors | 24/05/2020

Bankers are reportedly receiving requests to activate plans to withdraw assets from Hong Kong in light of Beijing’s plan to impose national security legislation in Hong Kong.

Market Infrastructure

HKMA Publishes Findings from Bank Culture Reform Initiative

By Manesh Samtani | 24/05/2020

As a next step, the HKMA will conduct more focused reviews on retail banks’ front office in relation to the distribution of banking, investment and insurance products.

Market Infrastructure

SWIFT Publishes Blueprint to Assist EU Banks in ISO 20022 Transition

By Editors | 21/05/2020

SWIFT will provide new market practice guidelines and free validation and translation software to mitigate the impact of the ISO 20022 delay on EU banks.

Market Infrastructure

Financial Sector Suffers More Cyber Attacks Than Any Other Sector

By Editors | 21/05/2020

But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.

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.