EU banks will face a 1,250% risk weight on exposures to Indian CCPs after April. French and German regulators have given their banks 18 extra months to terminate Indian CCP memberships.
The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.
Financial services firm StoneX and Singapore-based AirCarbon Exchange have signed an agreement to create a US-based digital carbon marketplace.
Foreign-funded institutions have become an "indispensable part" of the domestic financial system, said top official Lou Jiwei.
This marks a significant milestone for the payments industry and the start of a coexistence period until November 2025, Swift said.
The new T2 system comprises an RTGS system, a central liquidity management tool, and leverages the ISO 20022 message standard.
JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.
The rules encourage central clearing and pave the way for new margin and reporting requirements for non-centrally cleared derivatives.
The CBIRC had instructed money brokers to cut their data feeds to vendors due to data security concerns, causing a two-day bond market disruption.
The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
Loading more posts...
Sorry, no more posts
No more pages to load