Market Infrastructure

Market Infrastructure

Japan’s Quick Corp Selected to Calculate, Publish Prototype Terms Rates

By Editors | 27/02/2020

Part of the Nikkei Group, Quick Corp will start preparing to calculate and publish prototype term rates based on JPY overnight index swaps.

Market Infrastructure

ASX Finalises Changes to 3-year, 10-year Treasury Bond Futures Roll

By Editors | 27/02/2020

A consultation on the changes received 36 submissions, largely supportive of ASX’s proposals, citing reduced costs, operational efficiencies and improved order management capabilities.

Market Infrastructure

Central Bank to Discontinue Sri Lanka Inter-Bank Offered Rate

By Editors | 27/02/2020

This decision reflects the lack of SLIBOR’s usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.

Market Infrastructure

BOE to Increase Haircuts on LIBOR-linked Collateral from October

By Editors | 27/02/2020

The market need to see a decisive acceleration in effort in 2020 to ensure risk-free rates are adopted and LIBOR is left behind for good, the BOE’s Andrew Hauser said.

Market Infrastructure

RBNZ Launches New Payment Settlement System

By Editors | 27/02/2020

Replacing a 20-year old system, the new payment settlement platform comprises an RTGS system known as ESAS 2.0 and a central securities depository called NZClear 2.0.

Market Infrastructure

Australia Finalises ISO 20022 Migration Approach for Payment System

By Editors | 27/02/2020

From November 2021, all intermediaries for incoming cross-border payments must be able to receive ISO 20022 enhanced message content, and to pass on those messages in full.

Market Infrastructure

Myanmar Credit Bureau to Commence Operations in April

By Editors | 26/02/2020

It will take up to one year for the credit bureau to collect sufficient and meaningful credit data on local businesses before it will be provided to lenders.

Market Infrastructure

RBNZ Estimates Cyber-attacks Cost Financial Sector NZ$144m Annually

By Editors | 26/02/2020

More extreme events have a low probability but are still plausible, illustrating the importance of managing cyber resilience effectively, the RBNZ says.

Market Infrastructure

ISDA Launches New Consultation on Pre-cessation Fallbacks

By Editors | 25/02/2020

ISDA seeks input on whether to add a pre-cessation trigger to the permanent cessation fallbacks it is implementing for LIBOR in its standard documentation.