Market Infrastructure

Market Infrastructure

ACCC Consults on Merger of BPAY, eftpos and NPP Australia

By Editors | 10/08/2021

A court enforceable undertaking is proposed to address concerns that the merger could reduce investment and support for eftpos and decrease the availability of least-cost routing.

Market Infrastructure

LCH Set to Switch Discounting, PAI Rate from SOR to SORA

By Editors | 08/08/2021

LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.

Market Infrastructure

RBI Amends Guidelines to Facilitate LIBOR Transition

By Manesh Samtani | 08/08/2021

Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.

Market Infrastructure

China: New Rules Issued to Address Unreliable Bond Ratings

By Editors | 08/08/2021

The rules require credit rating agencies to strengthen their methodologies and systems, improve corporate governance, and avoid conflicts of interest.

Market Infrastructure

LIBOR Alternatives Gain Traction in Japan – Report

By Editors | 06/08/2021

OIS transactions based on TONA and TIBOR increased in July, suggesting alternative rates to JPY LIBOR are gaining traction.

Market Infrastructure

Big Tech Brings ‘New and Unfamiliar’ Challenges: BIS

By Ranamita Chakraborty | 06/08/2021

A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.

Market Infrastructure

CPMI Workplan Highlights Focus on Stablecoins, CBDCs

By Editors | 06/08/2021

CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.

Market Infrastructure

FIs Team Up to Accelerate Coal Plant Closures in APAC

By Editors | 05/08/2021

Prudential, Citi, HSBC, and BlackRock are reportedly working on a plan to buy out coal-fired plants and wind them down early.

Market Infrastructure

CBIRC Orders Trust Companies to Divest Non-financial Subsidiaries

By Editors | 05/08/2021

Trust companies can retain just one non-financial subsidiary whose business covers investment management or asset management. The remaining subsidiaries must be liquidated.