Market Infrastructure

Market Infrastructure

HKEX Enables Central Clearing for Deliverable FX Forwards, Swaps

By Manesh Samtani | 25/01/2019

Enabled by Traiana infrastructure, HKEX OTC Clear is offering the first clearing service for deliverable FX forwards and swaps in the USD/CNH and USD/HKD currency pairs.

Big Picture

ISDA Lays Out CCP Best Practices Following Nasdaq Default

By Garima Chitkara | 25/01/2019

Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.

Market Infrastructure

New Zealand FMA, NZX To Undertake Capital Markets Review

By Editors | 25/01/2019

An industry working group established by the NZX and FMA and supported by EY will provide recommendations to increase the depth and attractiveness of New Zealand’s capital markets.

Market Infrastructure

China Approves Plan for New ‘Nasdaq-Style’ Tech Board in Shanghai

By Editors | 25/01/2019

Authorities have reportedly already approached potential IPO candidates for the SSE’s new science and technology board. Draft listing rules are expected as early as this month.

Market Infrastructure

BIS Research Unit Offers Recommendations for Capital Market Development

By Editors | 24/01/2019

The report highlights the importance of macroeconomic stability, market autonomy, strong legal frameworks and effective regulatory regimes in supporting capital market development.

Market Infrastructure

UPDATED – S. Korean to Change COFIX Calculation Starting in July

By Editors | 24/01/2019

Bank lending rates should fall by about 0.27% under the new COFIX. The change in calculation is credit negative for Korean banks, says Moody’s.

Fintech / Regtech

Australia Consults on Strategic Vision for Payments Sector

By Editors | 23/01/2019

The Australian Payments Council is inviting comments to review it 2015 Australian Payments Plan aimed at supporting digital payments.

Market Infrastructure

China, Germany Enhance Capital Markets, Banking Cooperation

By Editors | 23/01/2019

The two countries will promote depository receipts, build an offshore market for A-share index derivatives in Frankfurt, and improve access for banks and insurers in either market.

Market Infrastructure

India Mulls Loosening Norms for New Players in Retail Payments

By Garima Chitkara | 22/01/2019

Concerned about the concentration risk posed by the NPCI, the central bank has proposed relaxing some requirements for new firms looking to operate payment systems in India.