Market Infrastructure

Market Infrastructure

ACCC Opens Inquiry into High Markup Currency Conversion Services

By Editors | 03/10/2018

The inquiry will examine why major companies in Australia, including the big four banks, seem to be able to consistently charge high prices, said ACCC chair Rod Sims.

Market Infrastructure

Singapore Passes Bill Enabling New VCC Fund Structure

By Manesh Samtani | 03/10/2018

The Variable Capital Company structure is aimed at boosting Singapore’s status as an full-service international fund management centre.

Market Infrastructure

Giancarlo Proposes Multilateralism in CFTC Cross-border Approach

By Manesh Samtani | 03/10/2018

In a white paper, Giancarlo proposes an alternative cross-border framework that pursues multilateralism and gives deference to non-US jurisdictions with comparable G20 swaps reforms.

Market Infrastructure

MAS Goes Live with Reporting Requirement for OTC Commodity, Equity Trades

By Manesh Samtani | 02/10/2018

Firms must report OTC derivatives transactions in commodities and equities to a licensed trade repository; DTCC welcomes the MAS’ move to improve transparency and reduce risk.

Market Infrastructure

JP Morgan Blockchain-based Payments Platform Gains Traction

By Manesh Samtani | 01/10/2018

The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.

Market Infrastructure

MAS Publishes User Protection Guidelines for E-Payments

By Manesh Samtani | 01/10/2018

The guidelines establish a common baseline protection from losses arising from isolated unauthorised or erroneous electronic payment transactions.

Fintech / Regtech

Thailand’s Kasikornbank Joins Visa in Blockchain Payments Pilot

By Editors | 27/09/2018

Visa B2B Connect uses blockchain tech to enable faster, simpler and more secure processing of payments between participating banks on behalf of corporate clients.

Market Infrastructure

ASX Announces JP Morgan Launch of Agency Clearing Service

By Editors | 27/09/2018

Australian-domiciled clients will be able to keep AUD and NZD cleared derivatives within a single clearing house and legal construct, while leveraging local ASX infrastructure.

Capital / Liquidity

China Seeks to Boost Interbank Bond Issuances by Foreign Institutions

By Editors | 27/09/2018

PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.