Market Infrastructure

A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers' own risk controls.

RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.

The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.

Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.

Banks have to maintain all BEAR information including accountability statements and maps in APRA Connect from this month.

ANZ said it had recovered on Thursday but online services were intermittent on Friday. Kiwibank was still working to get its systems back up through Sunday.

Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.

Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.

The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.