MARKET INFRASTRUCTURE

Market Infrastructure

India to Allow Non-residents to Open Rupee Accounts

By Ajoy K Das | 05/06/2024

Indian banks will also be able to lend to non-residents in INR, as part of measures to internationalise the domestic currency.

Fintech / Regtech

New Zealand XRB Calls for Mandatory Digital Financial Reporting

By Sanday Chongo Kabange | 05/06/2024

The XRB says New Zealand should mandate digital financial reporting for entities that participate in financial markets.

Market Infrastructure

NZ FMA Identifies Weaknesses at Financial Advice Firms

By Sanday Chongo Kabange | 04/06/2024

The FMA also found that the transition to the new financial advice regime resulted in stronger relationships with clients for many advisers.

Securities / Derivatives

IOSCO Sets Out Good Practices for Leveraged Loan, CLO Markets

By Manesh Samtani | 04/06/2024

The report provides an analysis of LL and CLO markets and sets out 12 good practices to support decision-making in these markets.

Securities / Derivatives

Marketnode Set to Launch New Funds Settlement Infrastructure

By Editors | 04/06/2024

Fundnode will be ready within June with a network of partners including fund managers, wealth managers, and private banks.

Securities / Derivatives

HKSCC to Enhance Settlement Process for Dual Counter Securities

By Manesh Samtani | 04/06/2024

HKSCC intends to eliminate the need for manual inter-counter transfers in CCASS during settlement of securities traded in multiple currencies.

Securities / Derivatives

SEBI to Review Ownership Structures of Clearing Corporations

By Ajoy K Das | 03/06/2024

An expert committee will review whether majority ownership of clearing corporations by stock exchanges remains appropriate.

Market Infrastructure

SEBI Revises Collateral, Exposure Norms for Clearing Corporations

By Ajoy K Das | 03/06/2024

The norms strengthen the liquidity and stability of clearing corporations and set new limits on exposures to individual banks.

Market Infrastructure

APRA Identifies Common Gaps in Data Backup Practices

By Sanday Chongo Kabange | 03/06/2024

APRA outlined some common issues and directed regulated entities to review their backup arrangements and address identified gaps promptly.