Market Infrastructure

Like other jurisdictions, AONIA does not yet have an established term market, however banks and corporates can reference the three-month BBSW where a term rate is needed.

The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.

Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.

Reducing the settlement cycle to T+1 could reduce the NSCC's value-at-risk clearing fund charge by 30-40 percent for sample portfolios, DTCC said.

The guideline indicates that green finance initiatives will be given a greater weighting in financial institutions’ performance evaluations.

The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.

MAS will likewise extend the tenor of its daily SORA derivatives auctions with major derivatives dealers from 5-years to 20-years.

The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.

SGX plans to continue its M&A focus to strengthen its FX, fixed income, data and capital markets connectivity businesses, says chief executive Loh Boon Chye.

The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.