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Capital / Liquidity
Eight Jurisdictions Yet to Adopt Resolution Frameworks – FSB
By Garima Chitkara | 30/04/2019
Eight major jurisdictions are yet to adopt resolution planning. Further work is needed on resolution planning for D-SIBs and other banks, as well as on cross-border cooperation on bank resolutions.
Market Infrastructure
China Allows Payment Firms to Offer Cross-Border Services
By Editors | 30/04/2019
China’s State Administration of Foreign Exchange is allowing payment providers to offer cross-border services for e-commerce settlement, electronic payments and foreign exchange.
Market Infrastructure
Singapore’s NETS to Co-Develop QR Payment System in Myanmar
By Editors | 30/04/2019
Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.
Capital / Liquidity
SEBI Cuts Net Worth Requirements for Gift City Clearing Corporations
By Editors | 29/04/2019
SEBI slashes minimum net worth requirements for clearing corporations operating in India’s international financial services centre from 3 billion to 1 billion rupees.
Market Infrastructure
BOJ Committee Releases Results of Discussion on Libor Alternatives
By Garima Chitkara | 29/04/2019
The industry-led committee is working to develop term reference rates based on JPY OIS as a potential alternative benchmark in light of the discontinuation of JPY LIBOR in 2021.
Market Infrastructure
SGX, UOB Sign Pact to Help Chinese Firms Expand in ASEAN
By Editors | 29/04/2019
Chinese firms will be able to leverage SGX and UOB’s infrastructure, expertise and networks to expand into Singapore and other ASEAN nations.
Market Infrastructure
China National Credit System to Include Foreign Data
By Editors | 29/04/2019
Foreign workers in China will be required to submit their personal credit information, including from activities in other countries, to the national credit system in order to obtain loans.
Market Infrastructure
RBI Extends LEI Deadlines for Non-Derivative Market Participants
By Editors | 29/04/2019
Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.
Securities / Derivatives
Hong Kong Proposes Enhancements to OTC Derivatives Regime
By Manesh Samtani | 29/04/2019
In a joint consultation, the HKMA and SFC propose to mandate the use of UTIs in OTC derivatives trade reporting, and to discontinue masking relief for all jurisdictions but China.
Market Infrastructure
Bursa Malaysia Goes Live with T+2 Settlement
By Editors | 29/04/2019
Starting today (29 April), securities trade on Bursa Malaysia will be executed on T+2 settlement, a move first proposed in March 2018.
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