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Market Infrastructure
GIFT City IBUs Directed to Offer Internet Banking Within Six Months
By Ajoy K Das | 25/04/2024
IFSC Banking Units in GIFT City are asked to benchmark their internet banking services against top global banks in Singapore and Hong Kong.
Securities / Derivatives
ASX Seeks Feedback on Potential Move to T+1 Settlement Cycle
By Editors | 24/04/2024
ASX is seeking industry feedback on the impacts of transitioning from T+2 to T+1 settlement in Australia.
Market Infrastructure
G7 Nations Complete Joint Cyber Coordination Exercise
By Editors | 24/04/2024
The exercise assumed a large-scale cyber attack on financial market infrastructures and entities in all G7 jurisdictions
Capital / Liquidity
PBOC May Start Participating in Treasury Bond Market – Reports
By Editors | 24/04/2024
PBOC may start buying and selling government bonds as a way to manage financial system liquidity and monetary policy.
Fintech / Regtech
PBOC Issues Draft Implementation Rules for New Payments Regulations
By Editors | 24/04/2024
Non-bank payment institutions will be allowed to transition to the new regulations depending on the validity of their existing licences, which can be up to five years.
Market Infrastructure
Malaysia to Regulate BNPL Under New Consumer Credit Act
By Sanday Chongo Kabange | 23/04/2024
The government and regulators are reportedly formulating a new Consumer Credit Act that will capture non-bank entities including BNPL providers.
Big Picture
BIS Outlines Vision for Future Financial System, Called “Finternet”
By Manesh Samtani | 23/04/2024
The “Finternet” would enable multiple financial ecosystems to interconnect with each other, like the internet, using technologies such as tokenisation and unified ledgers.
Securities / Derivatives
NYSE Considers Introducing Round-the-clock Stock Trading
By Editors | 22/04/2024
NYSE is surveying the market on whether round-the-clock trading should take place only through the five-day work week or over weekends as well.
Market Infrastructure
CSRC Announces New Measures to Enhance Stock Connect
By Manesh Samtani | 21/04/2024
The measures include relaxed ETF eligibility criteria, inclusion of REITs and RMB-denominated HK stocks, and more support for Mainland listings in HK.
Market Infrastructure
SFC, HKMA Find Deficient Practices in Investment Product Sales
By Manesh Samtani | 19/04/2024
A thematic review highlighted issues with product due diligence methodologies and a lack of understanding of certain structured products.
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