MARKET INFRASTRUCTURE

Market Infrastructure

Australia: Banking Misconduct Drives Search for RegTech Remedies

By Jeffrey Kupfer | 08/05/2019

Australia may emerge as a world-leader in RegTech adoption as a remedy to banking culture and misconduct issues, say Jeff Kupfer and Stephen Scott at Starling Trust.

Market Infrastructure

CFTC Chairman Seeks Formal Guidance on Phase 5 Initial Margin

By Manesh Samtani | 06/05/2019

Chairman Giancarlo seeks regulatory guidance clarifying that entities with calculated initial margin amounts less than $50mn need not make preparations to exchange initial margin.

Market Infrastructure

Securities Association Says MPFA Needs to Enable China Market Access

By Editors | 06/05/2019

MPF managers are allowed to invest in 40 approved overseas exchanges, but this does not include exchanges in China.

Crypto / Digital Assets

ESG: The Un-Hyped Acronym

By Philippe Dirckx | 06/05/2019

Compliance to ESG standards and principles will permanently transform the way we conduct business, says international banking veteran Philippe Dirckx.

Market Infrastructure

SWIFT Launches Payment Investigation, Resolution Capability

By Editors | 03/05/2019

The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.

Market Infrastructure

FSB Designates UK Agency as Sole UPI Service Provider

By Editors | 03/05/2019

The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.

Fintech / Regtech

Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments

By Editors | 02/05/2019

MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.

Market Infrastructure

New Opening Up Measures Coming ‘Soon’ – CBIRC Chairman

By Editors | 02/05/2019

CBIRC chairman Guo Shuqing says 12 new measures will soon be introduced to further open up China’s financial sector to banks and insurers.

Securities / Derivatives

MAS Consults on Proposed Framework for Variable Capital Companies

By Editors | 02/05/2019

The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.