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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.

Market Infrastructure
HKMA Allows WMC Participation by Non-Locally Incorporated AIs
By Sanday Chongo Kabange | 03/06/2024
Non-locally incorporated AIs may provide southbound WMC services through their Hong Kong branches if they meet certain requirements.
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