Market Infrastructure

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.

Securities / Derivatives

MAS Issues Guidelines for New Derivatives Reporting Regime

By Manesh Samtani | 03/06/2024

The guidelines focus on UTI generation and reporting, as well as re-reporting of contracts that haven’t yet matured when the new regime takes effect.

AML / KYC

Tokenisation Will Improve Correspondent Banking Model: BIS Paper

By Manesh Samtani | 01/06/2024

The next generation of correspondent banking will make “previously closed corridors economically viable once again”.

Market Infrastructure

Korea Launches “Bug Bounty” Reward Programme

By Manesh Samtani | 01/06/2024

Any Korean national can apply to participate in detecting security vulnerabilities in financial industry software, mobile apps or websites.

Securities / Derivatives

Major FMIs Offer Blueprint for Digital Asset Ecosystem

By Editors | 30/05/2024

DTCC, Clearstream And Euroclear seek to promote the adoption and acceptance of tokenisation and digital asset securities.

Big Picture

BIS Explores GenAI Use to Boost Central Bank Cybersecurity

By Editors | 30/05/2024

Existing IT staff at central banks may not be fully prepared to handle the fast and disruptive innovations associated with GenAI.

Market Infrastructure

KRX Chief Outlines Four-Pillar Strategy to Boost Stock Market

By Editors | 29/05/2024

KRX will support the Value-Up Programme, introduce new products, delist zombie companies, and grow its data and index business.

Securities / Derivatives

US Adopts T+1 Settlement Cycle for Securities Transactions

By Editors | 28/05/2024

Canada, Mexico, Argentina and Jamaica implemented a T+1 settlement cycle on Monday and the US on Tuesday.

Market Infrastructure

SFC Issues New Guidance on Offering HK Funds in ADGM

By Sanday Chongo Kabange | 28/05/2024

The guide explains how Hong Kong funds can be offered in the Abu Dhabi Global Market via the UAE fund passporting regime.