Market Infrastructure

Preliminary analysis concludes that the Principles for Financial Market Infrastructures could apply to the global stablecoin arrangements, among other principles and standards.

The 100-trillion-won package includes funding for businesses, two market stabilisation funds, support for new bond issuance and liquidity support for brokerage firms.

Including the new package, a total A$189bn is being injected into the economy by 'all arms of the government' to 'help build a bridge to recovery'.

“Aggressive efforts must be taken across the public and private sectors,” the Fed said, effectively pledging to buy Treasuries and mortgage-backed securities to any extent required

Singapore and Australia have committed to allowing financial institutions to choose where their data is stored and prohibiting data localisation, among a raft of other agreements.

The bills provide a regulatory regime for insurance-linked securities, expand the scope of insurable risks of captive insurers, and empower the IA to regulate insurers at the group level.

The demands being imposed on the global banking system highlight the Achilles Heel of nonfinancial risk management and, particularly, misconduct risk, says Stephen Scott at Starling.

The new system will use non-financial and transaction information of SMEs and small merchants to generate credit scores, improving their ability to obtain financing and credit guarantees.

Banks aim to start active trading in SORA derivatives in the second half of the year, and SORA-based loans will launch by year-end.

Temporary currency swap lines will be established with 9 central banks - including BOK, RBA, MAS and RBNZ - to lessen the strain on US dollar funding markets.