MARKET INFRASTRUCTURE

Market Infrastructure

FINMA Recognises KRX as Qualified Clearing Organisation

By Editors | 12/12/2024

The recognition means Swiss FIs can receive clearing services from KRX, which has previously been recognized by the CFTC and ESMA.

Market Infrastructure

Hong Kong Advances Cybersecurity Bill for Critical Infrastructures

By Editors | 12/12/2024

The Bill seeks to impose statutory requirements on designated operators of critical infrastructures to ensure that they take appropriate measures to protect from cyberattacks.

Capital / Liquidity

BCBS Finalises Guidelines on Managing Counterparty Credit Risk

By Editors | 12/12/2024

The guidelines emphasise the importance of counterparty due diligence, good governance and reliable data management.

Securities / Derivatives

Korea Unveils Plan for Promoting Wider Adoption of KOFR

By Manesh Samtani | 12/12/2024

10% of IRS transactions and FRN issuance by FIs in 2025 will be KOFR-based. Central clearing of KOFR-based swaps will also start in 2025.

Securities / Derivatives

Transitioning to T+1 Settlement: Challenges for Europe and Asia 

By Nithya Subramanian | 11/12/2024

DTCC’s Val Wotton discusses how Asia-based firms will be impacted by the transition to T+1 in the UK and Europe.

Market Infrastructure

China Declares First Change in Monetary Policy Stance in 14 Years

By Editors | 11/12/2024

The government changed its monetary policy stance from “prudent” to “moderately loose” and signalled that it will increase focus on boosting consumption.

Capital / Liquidity

FSB Issues Recommendations to Enhance Non-banks’ Liquidity Preparedness

By Manesh Samtani | 11/12/2024

The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices.

Market Infrastructure

OECD Offers Recommendations on Boosting Philippine Capital Market

By Sanday Chongo Kabange | 11/12/2024

The recommendations include measures to improve corporate governance, ease listing requirements and deepen the investor base.

Securities / Derivatives

RBI to Launch a New Interest Rate Benchmark Called SORR

By Manesh Samtani | 10/12/2024

The Secured Overnight Rupee Rate will be based on market repo and tri party repo transactions, which account for 98% of overnight money market transactions.