Market Infrastructure

Capital / Liquidity

Jurisdictions Continue to Strengthen Deposit Insurance Systems: IADI

By Editors | 19/12/2019

The International Association of Deposit Insurers says the average coverage per depositor per institution has risen substantially in the last 10 years and that depositor reimbursements have sped up.

Market Infrastructure

ISDA Consults on Adjustments for EUR LIBOR, EURIBOR Fallbacks

By Editors | 19/12/2019

The supplemental consultation seeks input on adjustments that would apply to €STR if fallbacks in euro LIBOR or EURIBOR take effect, including the final parameters for these adjustments.

Market Infrastructure

Google Recommends India UPI Model for New US ‘FedNow’ Service

By Editors | 19/12/2019

UPI adoption has grown from 100,000 to 1.15 billion monthly transactions in four years, with 140 member banks using its rails to enable payments for customers.

Market Infrastructure

ASIC Approves ABA’s Updated Banking Code of Practice

By Editors | 18/12/2019

ASIC has given its final approval for the new version of the Banking Code of Practice, which implements recommendations from the Royal Commission.

Market Infrastructure

FSB Report Highlights Risks of Continued LIBOR Reliance

By Editors | 18/12/2019

In its latest progress report on benchmark reform implementation, the FSB calls for “significant and sustained efforts” to transition away from LIBOR by end-2021.

Market Infrastructure

FSB Publishes Work Programme for 2020

By Editors | 18/12/2019

The work programme for 2020 reflects the evolving nature of the global financial system and associated risks to financial stability, the FSB says.

Market Infrastructure

Taiwan to Boost Competitiveness as Financial Centre

By Editors | 18/12/2019

Taiwan will relax its rules on financial products, expanding its OBU business, and boost the resilience and innovativeness of Taiwanese financial institutions.

Market Infrastructure

India Passes Bill to Establish Unified Regulator for IFSCs

By Editors | 17/12/2019

In addition to regulating Gift City, the new authority will be responsible for any other international financial services centre set up in India in the future.

Big Picture

Asian Benchmark Administrators Face ‘Perfect Storm’ in 2021

By Manesh Samtani | 17/12/2019

The BMR transition period is now scheduled to end alongside LIBOR’s discontinuation, creating a “perfect storm” of regulatory change for benchmark administrators and users at end-2021.