MARKET INFRASTRUCTURE

Crypto / Digital Assets

UK Banks Complete Experimental Phase of Digital Money Project

By Mark Johnston | 20/09/2024

UK Finance and its member banks have successfully completed the experimental phase of a tokenisation and CBDC platform.

Capital / Liquidity

French and German Banks Calling on RBI to Adjust Trading Rules

By Manesh Samtani | 19/09/2024

The existing rules would not be able to accommodate a third-party trading model proposed as a temporary solution to address ESMA’s derecognition of Indian CCPs.

Crypto / Digital Assets

Australia Launches Three Year Digital Money Roadmap

By Thisanka Siripala | 19/09/2024

The RBA has decided to prioritise the development of wholesale CBDC rather than retail CBDC. Next month it will launch a “public phase” of its wholesale CBDC project.

Market Infrastructure

US, Hong Kong Cut Rates for the First Time in Four Years

By Manesh Samtani | 19/09/2024

The last time the US Federal Reserve and HKMA lowered their benchmark interest rates was during the early days of the Covid-19 pandemic in 2020.

Market Infrastructure

ASIC Publishes Guidance on New Derivatives Reporting Regime

By Manesh Samtani | 19/09/2024

The guidance is intended to help reporting entities understand how to comply with the new reporting obligations which take effect on 21 October 2024.

Market Infrastructure

SGX RegCo Reviews Corporate Query Regime to Reduce Frictions

By Nithya Subramanian | 19/09/2024

SGX RegCo adopts a three pillar approach to enhance the value of listed companies, but there have been calls for a more prescriptive approach.

ESG / Sustainability

HKICPA Consults on Exposure Drafts to Adopt ISSB Standards

By Manesh Samtani | 19/09/2024

The exposure drafts are open for consultation until 27 October. The standards will be finalised by end 2024 and take effect on 1 August 2025.

Market Infrastructure

Australian Lawmakers Fail to Agree on Reforms to RBA

By Thisanka Siripala | 18/09/2024

Treasurer Jim Chalmers has been trying to gain support for a bill to reform the RBA’s governance structure, but negotiations in the House have now ceased.

Market Infrastructure

Eurex Allows US Introducing Brokers to Become Direct Members

By Nithya Subramanian | 18/09/2024

The change will enable US market participants to execute trades on Eurex markets via domestic introducing brokers throughout the US trading day.