MARKET INFRASTRUCTURE

Fintech / Regtech

HKEX Consults on Expanding Paperless Listing Regime

By Sanday Chongo Kabange | 19/08/2024

The proposed reforms will provide securities holders with electronic options to give instructions to issuers, receive payments such as dividends, and pay subscription monies for offers.

Securities / Derivatives

Indonesia to Establish Money Market CCP by End of Year

By Editors | 19/08/2024

Bank Indonesia and eight banks will invest in and help develop the CCP, which will be housed under IDClear, the CCP for the country’s capital market.

Market Infrastructure

Korea to Issue Guidelines to Encourage Greater Use of KOFR

By Editors | 19/08/2024

The BOK and FSC plan to introduce KOFR-linked overnight index swaps and ultimately restrict the use of CD rates in IRS transactions.

Fintech / Regtech

APRA Issues Guidance to Address Cyber Control Weaknesses

By Sanday Chongo Kabange | 16/08/2024

APRA has identified issues relating to security in configuration management, privileged access management, and security testing.

Fintech / Regtech

HKMA Launches New GenAI Sandbox at Hong Kong Cyberport

By Sanday Chongo Kabange | 14/08/2024

HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.

Enforcement

ASIC Commences Legal Action Against ASX Over Misleading Statements

By Sanday Chongo Kabange | 14/08/2024

ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.

Market Infrastructure

PBOC to Increase Bond Trading in Open Market Operations

By Manesh Samtani | 13/08/2024

The PBOC and CSRC are trying to deter regulated firms from investing in long-dated treasury bonds to cool a bond market rally and put a floor under yields.

Securities / Derivatives

Taiwan: TDCC Selects Citi to Support New Custody Platform

By Editors | 10/08/2024

The new centralised custody platform is being developed to enhance asset safety for local investors who hold overseas investments through local brokers.

Market Infrastructure

UN Committee Approves Global Cybercrime Treaty Despite Opposition

By Manesh Samtani | 10/08/2024

The UN Convention against Cybercrime still needs to be ratified by at least 40 nations at the General Assembly in the fall.