Market Infrastructure

Market Infrastructure

Google Pay and India’s NIPL Ink Pact to Expand UPI Globally

By Ajoy K Das | 18/01/2024

The partnership aims to help Indian travellers make payments overseas, develop UPI-like models in foreign countries and ease cross-border remittances.

Market Infrastructure

India’s Proposal for T+0 Settlement Will Fragment Market: ASIFMA

By Editors | 18/01/2024

ASIFMA suggests that SEBI wait to see the impact from the US move to T+1 settlement before proceeding to a shorter settlement cycle in India.

Market Infrastructure

Xi Jinping Unveils Roadmap for Achieving ‘Financial Powerhouse’ Status

By Editors | 17/01/2024

The Chinese President highlighted the need for stronger connectivity between domestic and foreign financial markets and greater influence over international rules.

Capital / Liquidity

BIS Launches Consultation on Improving CCP Margin Requirements

By Nithya Subramanian | 17/01/2024

The report prepared by BCBS, CPMI and IOSCO has called for enhanced information sharing, better governance frameworks and greater transparency.

Market Infrastructure

BSP Offers Incentives for Early Use of New Standard Loan Form

By Sanday Chongo Kabange | 16/01/2024

Lenders that adopt the new loan application form ahead of mandatory adoption will receive a reduction in the annual supervisory fee for 2024 and 2025.

Market Infrastructure

HKEX Holiday Trading to Include Currency Futures, Options from 29 March

By Sanday Chongo Kabange | 16/01/2024

HKEX will include currency futures and options in derivatives holiday trading starting from 29 March 2024.

Market Infrastructure

China Orders Banks, Insurers to Tighten Cyber, Data Security

By Mark Johnston | 15/01/2024

Banks and insurers were asked to address the risk of ransomware attacks, strengthen the secure usage of emails, and protect against phishing attacks.

Fintech / Regtech

BSP Grants Direct PhilPaSSplus Access to First Nonbank EMI

By Sanday Chongo Kabange | 12/01/2024

OmniPay’s direct access to PhilPaSSplus allows it to make efficient and low-risk funds transfers using central bank rails.

Big Picture

Teething Issues: OTC Derivatives Reporting Rewrites in APAC

By Manesh Samtani | 10/01/2024

The more challenging aspects of implementation involve jurisdiction-specific data fields, the UTI waterfall, UTI generation, and ISO 20022.