Market Infrastructure

Capital / Liquidity

International Standard Setters Launch Review into Margin Practices

By Editors | 26/10/2021

While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

Market Infrastructure

US SEC Publishes Findings from Meme Stock Review

By Editors | 26/10/2021

SEC staff concluded that US markets functioned well and dislocations caused by short-selling were not the main cause of the extreme volatility in GameStop.

Market Infrastructure

China: Top Policymakers Issue Climate Transition Guidance

By Manesh Samtani | 26/10/2021

The guidance includes measures to develop the green finance sector, provide low-cost funds for green projects, and expand the carbon trading market.

Market Infrastructure

China to Develop Digital Trade, Cross-border Payments

By Darien Choong | 25/10/2021

Under a new five-year plan for trade in services, China will upgrade CIPS and further develop cross-border payments and financing.

Market Infrastructure

Global Fund Association Calls on SEBI to Delay T+1 Implementation

By Editors | 25/10/2021

To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.

ESG / Sustainability

New Zealand Passes Climate Reporting Legislation in World First

By Sanday Chongo Kabange | 24/10/2021

Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.

AML / KYC

Inconsistent AML Approaches Cause Cross-border Payment Frictions

By Editors | 23/10/2021

The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.

Market Infrastructure

MAS Consults on Revisions to BCM Guidelines

By Manesh Samtani | 23/10/2021

The guidelines emphasise the need for FIs to take an end-to-end view in ensuring the continuous delivery of critical business services and functions.

Market Infrastructure

AFMA Calls for Removal of ‘LIBOR Cap’ Imposed on Foreign Banks

By Editors | 22/10/2021

AFMA is concerned that the LIBOR Cap will be replaced with a capping mechanism to be determined solely by the ATO.