MARKET INFRASTRUCTURE

Market Infrastructure

BSE India, ICCL Implement CCP Interoperability Framework

By Editors | 04/06/2019

BSE India and its subsidiary ICCL have gone live with the clearing corporation interoperability framework, despite a one month extension being announced.

Market Infrastructure

HK FRC Concludes Consultation on Auditor Misconduct Penalties

By Editors | 04/06/2019

The FRC will be empowered to order penalties of up to HK$10mn or three times the profit gained or loss avoided as a result of misconduct, whichever is higher.

Market Infrastructure

Banks Should Start Considering HONIA Products – HKMA

By Manesh Samtani | 03/06/2019

HKMA Deputy Chief Howard Lee says global banks are the “best equipped” and should be taking the lead in the transition to alternative reference rates.

Market Infrastructure

Japan, Philippines Explore Yen-Peso Direct Trading

By Editors | 03/06/2019

Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.

Market Infrastructure

FSB Details Progress to Address Decline in Correspondent Banking

By Editors | 03/06/2019

The number of active correspondent banks declined by 3.4% in 2018, bringing the cumulative decline since 2011 to 19.3 percent.

Big Picture

Industry Body Publishes Best Practices Paper for CCPs

By Editors | 03/06/2019

Global association CCP12 says in a new paper that a ‘one-size-fits all’ approach to CCPs is inappropriate, and it is critical to recognise jurisdictional differences.

Market Infrastructure

FSC Korea Proposes More Flexible Business Conduct Rules

By Editors | 02/06/2019

‘Chinese walls’ at financial firms will be set up around ‘information units’ rather than ‘business units’. Firms can entrust a broader range of business to third parties and IT firms.

Market Infrastructure

PBOC Sets Up AMC to Manage Deposit Insurance Fund

By Editors | 31/05/2019

The PBOC has reportedly established an independent entity to manage the deposit insurance fund, which was set up in 2015 and has so far accumulated 100 billion yuan.

Market Infrastructure

India Delays CCP Interoperability Framework

By Editors | 31/05/2019

Trading members have been given one more month to develop processes that allow them to choose to clear and settle trades in other clearing corporations.