Market Infrastructure

Market Infrastructure

TMA Publishes Consultation Conclusions on HONIA Enhancements

By Editors | 16/12/2019

HONIA will continue to be calculated based on data from the existing five contributing money brokers for now, but the reporting window will change to 8:00-16:00.

Market Infrastructure

HKEX Finalises Enhancements to Pre-Opening Session, Volatility Controls

By Editors | 16/12/2019

The enhancements to the pre-opening session will be adopted in the second quarter of 2020. The stock-level volatility control mechanism will be expanded in the second half of 2020.

Market Infrastructure

UK Senior Managers Regime Now Covers All FCA Regulated Firms

By Editors | 13/12/2019

All FCA regulated firms, including asset managers and hedge funds, now have to comply with the SM&CR, including for senior managers and key risk-takers hired at overseas branches.

Market Infrastructure

MAS Forms Culture and Conduct Steering Committee for Insurance

By Editors | 13/12/2019

The steering committee will monitor trends and identify emerging issues, and collaborate with MAS on initiatives to promote strong culture and conduct in Singapore’s insurance industry.

Fintech / Regtech

CPMI Offers Guidance for Designers of Wholesale Digital Tokens

By Editors | 12/12/2019

The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.

Big Picture

Geopolitical Risk Surpasses Cyber as Top Overall Risk: Survey

By Editors | 12/12/2019

Geopolitical risk & trade tensions was cited as the top overall risk for 2020 in DTCC’s annual Systemic Risk Barometer Survey, though cyber was cited more frequently as a ‘top 5 risk’.

Market Infrastructure

LSEG to Provide Post Trade Technology for Philippine Bourse

By Editors | 12/12/2019

The Securities Clearing Corporation of the Philippines will use LSEG technology to enhance its clearing, settlement, risk and collateral management capabilities.

Market Infrastructure

CPMI, IOSCO Share Lessons of Supervisory Cooperation on Market Infrastructures

By Editors | 12/12/2019

Among the key features of successful cooperative arrangements are strong, trusted relationships between authorities and a willingness to exchange information.

Market Infrastructure

China Issues Revised Trading Rules for Interbank FX Market

By Editors | 12/12/2019

The rules are intended for both domestic and foreign institutions, in line with recent draft rules from SAFE that sought to allow foreign firms to trade RMB foreign exchange derivatives.