Markets & Infrastructure

Clearing & Post-Trade

ASX Recovers from Worst Market Disruption in Four Years

By Editors | 23/12/2024

No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.

Payments & Settlements

Australia Proposes to Mandate Cash Acceptance for Essential Items

By Editors | 22/12/2024

Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits.

Model Risk

Korea Advances Bill to Open Up Corporate Credit Rating Market

By Editors | 22/12/2024

The government approved a revision bill that will abolish a requirement for licensed corporate credit rating providers to be at least 50 percent owned by financial institutions.

Structural Regulation

China Finalises New Regulations for Foreign Accounting Firms

By Editors | 22/12/2024

The regulations allow foreign accounting firms that need to conduct “temporary activities” in China to do so without establishing a representative office, subject to conditions.

Trading & Investment

HK Government Asked to Explain ‘Sluggish’ Sales of Retail Infrastructure Bond

By Editors | 22/12/2024

Hong Kong officials Christopher Hui and Paul Chan both attributed the undersubscription to a wider range of attractive investment options in the market.

Payments & Settlements

New Zealand Proposes Caps on Visa and Mastercard Interchange Fees

By Editors | 21/12/2024

The Commerce Commission proposed a draft decision which, if implemented, would reduce the fees charged to businesses to receive Visa and Mastercard payments.

Payments & Settlements

China Expands Cross-border FX Pilot for Multinational Companies

By Editors | 21/12/2024

The pilot programme launched in March 2021 is being extended to more provinces and the policies are being further streamlined.

Payments & Settlements

Indonesia Launches NFC-based QRIS Tap Payments Trial

By Editors | 20/12/2024

The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025

Structural Regulation

Australia Launches Tool to Enhance Visibility of Regulatory Change

By Editors | 20/12/2024

Treasurer Jim Chalmers said the Regulatory Initiatives Grid will help improve the sequencing and implementation of reforms