Markets & Infrastructure

Trading & Investment

Philippines Launches Dollar-Peso Cross Currency Swap Market

By Editors | 28/06/2023

Dollar-peso cross currency swaps involve a Philippines peso fixed rate and a SOFR-based US dollar floating swap.

Clearing & Post-Trade

HKEX Says New IPO Settlement Platform Will Launch in October

By Manesh Samtani | 28/06/2023

HKEX has completed external user testing for the launch of FINI, which will shorten IPO settlement times from five to two days.

Clearing & Post-Trade

ASX CHESS Replacement Project Under Continued Scrutiny

By Sanday Chongo Kabange | 28/06/2023

ASIC chair Joe Longo said ASX had an “engagement problem” and that officials were working to boost oversight of the CHESS replacement project.

Conduct, Culture & Accountability

FMA Issues Guidance on Intermediated Distribution of Financial Products

By Sanday Chongo Kabange | 28/06/2023

The guidance sets out the FMA’s expectations on the distribution of financial products through intermediaries under the new CoFi regime.

Trading & Investment

China Pension Market Growth Depends on Regulation Reforms – Report

By Manesh Samtani | 28/06/2023

ASIFMA and KPMG said in a joint report that China’s pension system reforms will create new opportunities for global asset managers.

Structural Regulation

Australia Finalises Review of ASIC Funding Model

By Sanday Chongo Kabange | 28/06/2023

The review recommends that ASIC enhance its reporting, transparency and consultation arrangements on the industry funding model.

Conduct, Culture & Accountability

RBI Fines Credit Information Companies for Data Non-Compliance

By Ranamita Chakraborty | 28/06/2023

India’s central bank has taken collective action for the first time against all four credit information companies.

Tokenisation

MAS Sets Out Framework for Digital Asset Networks

By Karen Ng | 27/06/2023

MAS will also expand Project Guardian to test the potential of asset tokenisation across more financial asset classes.

Conduct, Culture & Accountability

Australia: PwC’s Breach of Trust was “Calculated”, Says Senate Committee

By Sanday Chongo Kabange | 27/06/2023

Lawmaker Richard Colbeck has called for a wider probe into PwC, saying the information released to date showed the scandal “extended internationally”.