Markets & Infrastructure

Payments & Settlements

India, Russia to Explore Cross-border Payment Linkages

By Editors | 02/05/2023

India agreed to explore the acceptance of Russian Mir cards, a link with Russia’s Faster Payments System, and adoption of Russia’s financial messaging system.

Conduct, Culture & Accountability

Philippine SEC Issues Implementing Rules for Consumer Protection Act

By Sanday Chongo Kabange | 01/05/2023

The implementing rules set out the enforcement actions the SEC may take as well as measures to protect financial consumers.

Liquidity Risk

US Regulators Conclude Reviews into SVB, Signature Failures

By Manesh Samtani | 01/05/2023

The Fed, FDIC and NYDFS say SVB and Signature Bank were mismanaged, but that regulatory and supervisory lapses also contributed to their failures.

Structural Regulation

SEBI Bans Brokers from Pledging Client Funds for Bank Guarantees

By Editors | 01/05/2023

Existing bank guarantees created from client funds must be wound down by 30 September, to prevent misuse of investors’ money.

Trading & Investment

New BOJ Governor to Review Past Monetary Policy Moves

By Editors | 01/05/2023

The review will look into various monetary policy moves taken over the past 25 years, and not be tied to near-term policy shifts.

Trading & Investment

PBOC Issues Rules to Facilitate Introduction of Swap Connect

By Editors | 01/05/2023

Initially, centrally-cleared interest rate swap products will be eligible for trading under the northbound scheme. A southbound leg will be considered later.

Clearing & Post-Trade

ASX Issues Update on CHESS Replacement Partnership Programme

By Editors | 01/05/2023

Under the A$70mn Partnership Programme, ASX will offer payouts to stakeholders to support their efforts in meeting project milestones.

Trading & Investment

Korea Exchange to Jointly Develop Indices With Cboe

By Editors | 01/05/2023

Cboe Global Indices and KRX will publish advanced strategic indices based on Korean derivatives, including KOSPI 200 options.

Structural Regulation

China Outlines Plan for Shifting Enterprise Bond Oversight to CSRC

By Editors | 30/04/2023

Enterprise bonds, mainly issued by large state-owned enterprises, have to date been subject to oversight and supervision by the NDRC.