MARKET INFRASTRUCTURE

Crypto / Digital Assets

CBDC Platform mBridge is Open to US Dollar Inclusion: Central Bankers

By Editors | 24/10/2024

Current and former central bankers speaking at Sibos discussed the importance of the mBridge platform and how it can evolve to meet broader market needs.

Crypto / Digital Assets

FSB Chair Updates G20 on Work to Maintain Financial Stability

By Manesh Samtani | 23/10/2024

The FSB published a report on the financial stability implications of tokenisation and a progress update on the G20 Crypto-Asset Policy Implementation Roadmap.

Fintech / Regtech

Swift Cross-Border Payment Speeds Ahead of G20 Targets – Report

By Mark Johnston | 22/10/2024

A Swift report says  90 percent of cross-border payments made over its network now reach the destination bank within an hour.

Securities / Derivatives

SFC Announces Fast Track Process for Simple Fund Authorisations

By Manesh Samtani | 22/10/2024

Under FASTrack, the SFC will take up applications within five business days of receipt, and grant authorisation within 10 business days from the take-up date.

Big Picture

FSB Reports on Progress to Enhance Cross-border Payments

By Manesh Samtani | 22/10/2024

Adoption of the LEI in cross-border payments remains a challenge. Progress toward achieving targets has been limited across wholesale, retail, and remittances.

Fintech / Regtech

PBOC Forges Ahead with Market Opening, Offshore Use of Yuan

By Editors | 22/10/2024

Lu Lei says the PBOC will stay steadfast on further opening up the market for more foreign participation, and promote the interlinking of payment systems.

Big Picture

BIS Report Offers Considerations for Central Banks on Tokenisation

By Editors | 22/10/2024

The report discusses the opportunities, risks, and policy implications of token arrangements for central banks and the global financial system.

Securities / Derivatives

SFC, HKEX Announce Enhanced Timeframe for New Listing Applications

By Editors | 21/10/2024

The enhanced timeframe for new stock listings will give companies greater certainty in the timing of their IPOs, the SFC and HKEX said.

Securities / Derivatives

HKMA Announces Establishment of New Unit to Operate CMU

By Editors | 21/10/2024

The new unit, to be known as CMU OmniClear, is expected to take over CMU operations under its own governance structure in January 2025.