MARKET INFRASTRUCTURE

Market Infrastructure

SWIFT Pilots Enhanced Multi-Bank Cross Border Payment Standard

By Editors | 29/07/2018

Pilot participants of SWIFT enhanced gpi standard include 10 multinational corporates and 12 banks; new standard to enable multinational firms to initiate and track gpi payments to and from banks in a single format and integrate payment flows with internal systems.

Market Infrastructure

CPMI-IOSCO Report Shows PFMI Implementation Progress

By Manesh Samtani | 27/07/2018

21 of 28 jurisdictions self-attest to full implementation of PFMI; South Korea’ implementation gap relates to trade repositories, while Indonesia’s relates to clearing and settlement systems.

Securities / Derivatives

SFTR to Require Five Times More Reports Than Trades – DTCC

By Manesh Samtani | 26/07/2018

New paper highlights the impact of incoming securities finance trade reporting obligations on the industry including collateral supply, liquidity and operations.

Market Infrastructure

Singapore to Implement New SIBOR Methodology by End 2019

By Garima Chitkara | 26/07/2018

Singapore’s benchmark operators have incorporated feedback from market participants following a consultation that ended in February; the new computation methodology will use a waterfall method incorporating wholesale funding and related markets transactions.

Fintech / Regtech

ASIFMA Publishes Report on Outsourcing Regulation

By Editors | 24/07/2018

The report includes nine proposed leading principles for regulation of outsourcing to help securities, futures and banking intermediaries navigate different regulatory landscapes in Asia-Pacific.

Market Infrastructure

BOJ Forms Benchmark Reform Committee

By Editors | 24/07/2018

Committee to discuss developing recommendations on JPY interest rate benchmarks, the challenges arising from each and proposals for other solutions.

Market Infrastructure

Misguided Derivatives Regulation Distorts Markets

By Peter Guy | 23/07/2018

Basel’s new capital rules have impacted global derivatives markets by purging participants and liquidity. Whether or not this was the intended outcome, it will create onerous costs for entire markets and consumers.

Market Infrastructure

SGX Proposes Clearing House Enhancements for Managing Defaults

By Editors | 23/07/2018

Proposals include introduction of auction protocol for liquidating defaulted derivatives clearing members’ positions, with a mechanism to distribute the resulting losses.

Market Infrastructure

Australia Consults on Second Tranche of CCIV Bill

By Mark Pufpaff | 23/07/2018

The bill covers winding up administration for corporate collective investment vehicles, and director liabilities for contraventions of the law, among others.