MARKET INFRASTRUCTURE

Market Infrastructure

ISDA Offers Guidance on Cross-Border Application of Margin Rules

By Editors | 08/01/2020

The guide seeks to help firms subject to margin rules analyse multiple foreign rule sets, identify situations in which different rules apply, and improve understanding on substituted compliance.

Market Infrastructure

SEBI Updates Framework for System Audits of Market Infrastructures

By Editors | 08/01/2020

Stock exchanges, depositories and clearing corporations are required to include compliance with SEBI rules in the scope of their system audits, and to report any non-compliance to the regulator.

Fintech / Regtech

Philippine Lawmaker Proposes Regulatory Framework for Virtual Banks

By Editors | 08/01/2020

The bill proposes that the BSP grant five virtual bank licences every year for at least five years, and to allow both financial and non-financial firms to apply.

Fintech / Regtech

India’s NPCI Unveils DLT Based Platform to Further Streamline Payments

By Editors | 07/01/2020

The Vajra Platform will enhance data security and transparency, facilitate real-time transactions and reduce reconciliation challenges and processing errors, the NPCI said.

Market Infrastructure

SEBI Issues Revised Framework for Core Settlement Guarantee Fund

By Editors | 07/01/2020

If the core settlement guarantee fund is used up during a calendar month, non-defaulting members of clearing corporations shall immediately replenish the fund.

Securities / Derivatives

China Directs Local Gov’ts to Allow Bond Underwriting by Foreign Banks

By Editors | 07/01/2020

Local governments have been told to revise their procedures and remove restrictions to allow foreign-invested banks to participate in bond underwriting syndicates.

Market Infrastructure

UPDATED – 21 Digital Bank Licence Applications Received: MAS

By Editors | 07/01/2020

MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.

Securities / Derivatives

HKEX Chief Lays Out Vision for Decade Ahead

By Editors | 07/01/2020

Charles Li says HKEX will leverage the disruptive power of technology to enhance connectivity between China and the rest of the world in stock, bond and commodity markets.

Market Infrastructure

RBI Names Six ‘Significant’ Financial Benchmarks

By Editors | 06/01/2020

Financial Benchmarks India Pvt Ltd has three months to make an application to the RBI for authorisation to continue administering the benchmarks.