Markets & Infrastructure

Clearing & Post-Trade

DLT Can Process Peak Equity Trading Volumes – DTCC

By Manesh Samtani | 18/10/2018

The results of the study prove that distributed ledger technology’s performance can scale to meet the needs of markets of different sizes and maturity, says DTCC’s Murray Pozmanter.

Payments & Settlements

RBI Issues Guidelines Enabling Interoperability Between Payment Systems

By Manesh Samtani | 17/10/2018

E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.

Market Abuse

Scandal-Hit Chinese Drug Maker Faces CSRC Fine

By Garima Chitkara | 17/10/2018

The CSRC’s 600,000 yuan fine on Changsheng Biotechnology for falsifying data for a rabies vaccine form a small part of the 9.1 billion yuan it will have to pay.

Structural Regulation

ISDA Publishes Updated Template for Close-Out Netting Legislation

By Manesh Samtani | 17/10/2018

Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the “single most important risk mitigation tool in derivatives markets”.

Cryptocurrency

Hong Kong Seeks Formal Rules for Cryptocurrency: Outgoing SFC Chief

By Garima Chitkara | 16/10/2018

The SFC does not think a total ban on crypto platforms is the right approach and is exploring formal rules for existing operators, outgoing chairman Carlson Tong told SCMP.

Clearing & Post-Trade

RBI Releases Governance, Capital Criteria for CCPs

By Garima Chitkara | 16/10/2018

Foreign CCPs need to adhere to the same governance and capital requirements as domestic CCPs to apply for authorisation from the RBI.

Emerging Prudential Risks

E-wallet Operator Oversight to Benefit Singapore Financial Stability: Moody’s

By Manesh Samtani | 16/10/2018

Coming into force next year, the Payment Services Bill will require e-wallet operators to ring-fence wallet funds from lending activities, a move Moody’s says will benefit banks.

Trading & Investment

NSE India Launches Commodity Derivatives Segment

By Editors | 15/10/2018

NSE is the second stock exchange in India to offer commodity trading; licensing agreement will see the exchange use LSE prices for settling various commodity futures contracts.

Cloud & Infrastructure

Singapore, Indonesia Agree to Cooperate on Fintech

By Editors | 15/10/2018

The MOU will facilitate information sharing, promote joint innovation projects and establish a framework to help fintech firms better understand each market.