Market Infrastructure

SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.

IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.

Irene Liu and Catherine Lee discuss the applicability of MAS' Guidelines on Individual Accountability and Conduct on data governance.

Culture is the "invisible glue" that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA's Arthur Yuen.

Stock exchanges may choose to offer T+1 settlement on any scrip, after providing the market advance notice of at least one month.

Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.

An announcement may come as early as Friday, ahead of a formal launch on the first Monday after China's Golden Week holiday.

The enhancement will allow clearing participants to submit position adjustments requests directly at DCASS Online, replacing the existing paper-based workflow.

Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.

The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.