Market Infrastructure

Market Infrastructure

NZX Working to Fix Technical Issues Caused by Heavy Trading

By Editors | 23/04/2020

NZX has said it is taking steps to address technical issues it has faced amid a four-fold surge in trading volumes since early in the year.

Market Infrastructure

ARRC Sets Out 2020 Objectives for LIBOR to SOFR Switch

By Editors | 22/04/2020

The ARRC will establish final recommended conventions for SOFR-based floating rate notes, business loans, and securitisations by 31 July.

Market Infrastructure

India’s New Foreign Investment Rules ‘Discriminatory’, says China

By Editors | 21/04/2020

The additional barriers violate the WTO’s principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment, says the Chinese Embassy in India.

Capital / Liquidity

Hong Kong’s Banking Exposure Limit Rules: Implementation Challenges

By Gregory Achache | 21/04/2020

Many banks have merely instituted stopgap measures and temporary manual solutions to comply with BELR so far, say Synpulse’s Gregory Achache and Tim Alvner.

Market Infrastructure

PBOC Cuts Bank Lending Rates to Offset Covid-19 Pressures

By Editors | 20/04/2020

Policymakers said on Friday that monetary policies should make full use of RRR cuts, interest rate reductions and relending, indicating a shifting stance after GDP shrank 6.8% in Q1.

Market Infrastructure

FSB Consults on Cyber Incident Response and Recovery Toolkit

By Editors | 20/04/2020

The toolkit lists 46 effective practices, structured across seven components: governance, preparation, analysis, mitigation, restoration, improvement, and coordination and communication.

Market Infrastructure

MAS, ESMA Sign MOU on Singapore’s Financial Benchmarks

By Editors | 18/04/2020

The MOU and last year’s equivalence decision from the European Commission ensure that FIs in the EU can continue using SIBOR and the SOR as reference rates in their contracts.

Market Infrastructure

FSB Reports to G20 on Covid-19 Financial Stability Implications

By Editors | 17/04/2020

The FSB says internationally coordinated action to support a well-functioning, resilient financial system and open markets remain a priority.

Big Picture

Fintech Risks Could Undermine Financial Inclusion

By Editors | 16/04/2020

The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.