MARKET INFRASTRUCTURE

    Market Infrastructure

    HKEX Abandons Pursuit of London Stock Exchange Merger

    By Editors | 08/10/2019

    HKEX says the merger is still strategically compelling but it has not been able to engage with LSEG’s management in realising its vision.

    Capital / Liquidity

    Initial Margin Challenges Confronting Asian Markets

    By Purtini Joshi | 08/10/2019

    DTCC’s Purtini Joshi outlines three key challenges firms need to address to ensure compliance with Phase 5 and Phase 6 implementation of initial margin regulations.

    Market Infrastructure

    Indonesia Announces Rules for the Establishment of CCPs

    By Editors | 04/10/2019

    The new rules from Bank Indonesia will take effect from June 2020, but the first CCPs for derivatives markets are unlikely to be operational until 2023.

    Market Infrastructure

    RBNZ Proposes Enhanced Oversight Role in Cash System

    By Editors | 04/10/2019

    In a new consultation paper, the RBNZ proposes legislative changes that would allow it to take on a more active monitoring and coordination role in the cash system.

    Fintech / Regtech

    SWIFT, HSBC to Define Common API Standard for Hong Kong

    By Editors | 04/10/2019

    The new standard will re-use ISO 20022 components to ensure interoperability with Hong Kong’s clearing and settlement systems, facilitating the next phases of open banking in the city.

    Big Picture

    Hong Kong Making Slow Progress on Open Banking: S&P

    By Editors | 03/10/2019

    S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.

    Market Infrastructure

    FMSB Issues Good Practice Statements on Information Confidentiality

    By Editors | 03/10/2019

    The FICC Markets Standards Board offers guidance to help fixed income and commodities market participants understand what information can be shared, internally and otherwise.

    Fintech / Regtech

    BSP Streamlines Rules for Payment System Operators

    By Editors | 03/10/2019

    The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.

    Securities / Derivatives

    IOSCO Publishes Updates on MMF, Securitisation Regulation

    By Editors | 03/10/2019

    The reports describe progress by IOSCO members to adopt legislation, regulation and other policies covering MMF and securitisation, considered priority reform areas by the G20.

    Market Infrastructure

    Australia Commissions Review of Retirement Income System

    By Editors | 02/10/2019

    The review has sparked concerns about whether superannuation could be made voluntary, amid guarantee increases until 2025 that may end up squeezing workers’ wages.

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