Markets & Infrastructure

Payments & Settlements

HKMA Further Expands Eligible Collateral for RMB Facility

By Editors | 01/10/2021

Eligible collateral will include RMB, USD and EUR debt securities issued offshore by local governments at various levels in Mainland China.

Payments & Settlements

China: Alibaba Apps Include WeChat Pay as Payment Option

By Editors | 01/10/2021

The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.

CBDCs

BIS Turns Attention to Practical Issues of Retail CBDC

By Editors | 30/09/2021

The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.

Clearing & Post-Trade

Open Letter from FPIs to SEBI on T+1 Settlement

By Editors | 30/09/2021

ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.

Conduct, Culture & Accountability

CSRC Issues Draft Rules Promoting ‘Honest’ Investment Banking

By Editors | 30/09/2021

The draft rules require investment banking intermediaries to strengthen risk control and strictly prohibit the use of below-market pricing to win business.

Structural Regulation

ISDA to Change BSBY, Ameribor Fallback Language

By Manesh Samtani | 30/09/2021

The FCA said the current fallback language for credit sensitive rates puts market participants at risk of breaching their obligations under BMR.

Structural Regulation

FCA Consults on Permitted Use of Synthetic LIBOR Rates

By Manesh Samtani | 29/09/2021

The FCA proposes to permit legacy use of synthetic GBP and JPY LIBOR in all contracts except cleared derivatives for the duration of 2022.

Operational Risk

RBA Issues Recommendations to Address Risk Issues at ASX

By Editors | 29/09/2021

The RBA has asked ASX to address operational risk and governance issues, as well as develop a framework to address margin procyclicality.

Structural Regulation

Entity-based Regulation Needed to Address Bigtech Risks: BIS

By Manesh Samtani | 29/09/2021

China’s financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.