Market Infrastructure

Market Infrastructure

FSB Calls on Supervisors to Align LIBOR Messaging

By Manesh Samtani | 07/07/2021

Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.

Market Infrastructure

HKEX to Roll Out New IPO Settlement Platform Next Year

By Editors | 06/07/2021

HKEX will proceed with the development of FINI for handling all Hong Kong IPOs, initially adopting a T+2 settlement cycle.

Market Infrastructure

MAS Consults on Revised Reporting Rules for OTC Derivatives

By Manesh Samtani | 06/07/2021

The amendments aim to facilitate the aggregation of OTC derivatives data through standardisation and harmonisation of data elements by incorporating the CPMI-IOSCO technical guidance.

ESG / Sustainability

MAS Further Extends Facility to Support SME Lending

By Manesh Samtani | 06/07/2021

Government risk sharing and lower-cost funding will keep borrowing costs low for local enterprises as they recover and adapt to the new normal, MAS said.

Market Infrastructure

EU Regulators Urge Participants to Stop Using LIBOR

By Sanday Chongo Kabange | 05/07/2021

Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.

Market Infrastructure

ASX Finalises Settlement Workflow Changes for CHESS Replacement

By Ranamita Chakraborty | 05/07/2021

Netting will be expanded to include all novated trades and the creation of the NBO and associated messaging will be discontinued to provide greater system scalability.

Market Infrastructure

RBI Issues New Guidelines on Outsourcing for Coop Banks

By Editors | 03/07/2021

Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.

Market Infrastructure

MAS: Remaining Amendments for BAA 2020 Take Effect

By Editors | 03/07/2021

Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.

Market Infrastructure

IOSCO Proposes Sustainability-related Rules for Fund Managers

By Editors | 01/07/2021

Recommendations for securities regulators cover asset manager practices, product disclosure, supervision and enforcement, terminology, and investor education.