Market Infrastructure

Crypto / Digital Assets

SWIFT Publishes Results of CBDC, Tokenised Asset Experiments

By Editors | 06/10/2022

The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.

Market Infrastructure

New Regulatory Regime for Hong Kong Auditors Takes Effect

By Manesh Samtani | 04/10/2022

The AFRC can subject auditors who commit misconduct to penalties up to HKD 10 million, or three times profit gained, whichever is higher.

Fintech / Regtech

ISDA Nears Completion of Work to Digitise CFTC Reporting Rules

By Editors | 04/10/2022

ISDA working groups are transforming CFTC swap data reporting rules into machine-executable code ahead of implementation on 5 December.

Capital / Liquidity

US Regulators Call for New Laws for Crypto, Stablecoins

By Manesh Samtani | 04/10/2022

FSOC report calls for legislation to establish stablecoin regulation, supervisory authority over crypto asset entities, and rulemaking authority over crypto-asset spot markets.

Market Infrastructure

ESMA Recognises Shanghai Clearing House as Third-country CCP

By Editors | 04/10/2022

The recognition follows the adoption of a decision on the equivalence of China’s regulatory framework for CCPs with EMIR requirements in June.

Market Infrastructure

MAS Issues Guidance for Feeder ETFs Participating in Shenzhen Link

By Editors | 04/10/2022

Through the SZSE-SGX ETF Link, a Singapore-constituted feeder ETF can invest up to 100 percent of its NAV into an SZSE-listed master ETF.

Market Infrastructure

Indonesia Publishes New Guidelines for Using IndONIA

By Editors | 04/10/2022

The guide covers the use of IndONIA in business credit, consumer credit, trade finance, and derivative products, as well as rupiah FRNs.

Big Picture

BIS Paper Offers Options for Regulating Big Tech

By Manesh Samtani | 04/10/2022

One option is to group financial activities into a dedicated subgroup under an FHC structure. A second is to create a new regulatory category for big tech financial groups.

Market Infrastructure

Hong Kong to Launch Dual Counter Trading in H1 2023

By Editors | 03/10/2022

A market-maker system will be established to facilitate yuan-denominated stock trading. Stamp duty will be waived for market makers providing liquidity for yuan shares.