Market Infrastructure

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.

Market Infrastructure

Singapore, Malaysia, Vietnam on US Watchlist for Currency Practices

By Manesh Samtani | 31/05/2019

The US Treasury’s monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.

Market Infrastructure

S. Korea FSC Announces Derivatives Market Reforms

By Editors | 31/05/2019

The minimum deposit requirements will be abolished for professional investors and eased for retail investors. The minimum 20-hour compulsory training requirement will be reduced.

Market Infrastructure

SFC Warns Credit Rating Agencies of Model Risk

By Garima Chitkara | 30/05/2019

The SFC highlighted insufficient validation of credit rating models, inconsistencies between models and methodology, and inadequate validation of third-party models.