Market Infrastructure

Market Infrastructure

Shenzhen, Hong Kong to Establish Qianhai FTZ as VC Hub

By Editors | 04/09/2022

VC firms, sovereign wealth funds, and PE funds that set up in the Qianhai free-trade zone will be given cash grants, rental subsidies, and other rewards.

Market Infrastructure

ASX Amends Loss Allocation Rules for USD Clearing Defaults

By Editors | 03/09/2022

ASX has revised its approach to allocating losses that could arise from the default of USD settlement bank.

Fintech / Regtech

HKMA Issues Guidance on Managing Cloud Computing Risks

By Manesh Samtani | 02/09/2022

Banks’ agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.

Market Infrastructure

ORX, McKinsey Launch Operational Risk Control Library

By Editors | 01/09/2022

The ORX Reference Control Library contains 761 typical operational risk controls based on data collected from nearly 50 banks and insurers.

Fintech / Regtech

SWIFT Applies Data Intelligence to Remove Payment Friction

By Editors | 01/09/2022

SWIFT says its new capability ensures payments will go through regardless of whether the parties have transacted with each other before.

Market Infrastructure

Bangladesh Bank to Enable FX Clearing via RTGS System

By Editors | 01/09/2022

Banks can clear USD, GBP, EUR, CAD and JPY through the RTGS system starting from 4 September. CNY clearing will be allowed “soon”.

Market Infrastructure

IBA Consults on Cessation of USD LIBOR ICE Swap Rate

By Editors | 31/08/2022

USD SOFR ICE Swap Rate settings are available for the same tenors for use as a benchmark in financial contracts and instruments.

Big Picture

BIS Examines Adequacy of Operational Resilience Requirements

By Editors | 31/08/2022

Bigtech groups that are interconnected within the financial industry should be subject to group-wide requirements on operational resilience.

Market Infrastructure

Singapore Industry Group Launches New Funds Settlement Utility

By Editors | 31/08/2022

The utility will reduce manual steps, centralise processing, and facilitate reconciliation, thereby reducing settlement time and improving efficiency.