MARKET INFRASTRUCTURE

    Securities / Derivatives

    SWIFT Launching New Service to Reduce Settlement Fails

    By Editors | 02/10/2022

    The service will use UTIs to enable automated tracking of both sides of the transaction by all market participants involved.

    Market Infrastructure

    New Zealand Consults on Regulations to Support CoFi Regime

    By Editors | 01/10/2022

    Two consultations have been issued, including an exposure draft on regulations defining prohibited volume-based sales incentives.

    Capital / Liquidity

    Standard Setters Publish Review of Global Margining Practices

    By Editors | 30/09/2022

    Market volatility and model reactions to volatility were responsible for the majority of the peak increase in IM requirements in March and April 2020.

    Securities / Derivatives

    HKMA Unveils Details of Financial Forum to be Held in November

    By Manesh Samtani | 29/09/2022

    Financial Secretary Paul Chan said this week that “bold reforms” are in the pipeline to attract talent and enterprises to the city.

    Crypto / Digital Assets

    BIS Announces Successful Completion of mBridge CBDC Pilot

    By Editors | 29/09/2022

    The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

    Capital / Liquidity

    PBOC Raises Costs for Firms to Bet Against the Yuan

    By Editors | 29/09/2022

    The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.

    Market Infrastructure

    SEBI Developing New Settlement Process for Stock Market

    By Editors | 28/09/2022

    Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.

    Market Infrastructure

    India’s CCIL Proposes to Create Infrastructure for UMR Compliance

    By Manesh Samtani | 28/09/2022

    CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.

    Market Infrastructure

    Indonesian Lawmakers Pass Personal Data Protection Law

    By Editors | 28/09/2022

    The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.

    Market Infrastructure

    SEBI Orders Separation Between CRAs and Non-Rating Affiliates

    By Editors | 27/09/2022

    Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.

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