Markets & Infrastructure

Clearing & Post-Trade

French, German Banks Get More Time to Solve India CCP Issue

By Mark Johnston | 21/02/2023

French and German regulators will give banks 18 extra months to find new ways to settle India trades, following ESMA decision to de-recognise Indian CCPs.

Payments & Settlements

BOE Sets Out Vision for UK Payments with RTGS Roadmap

By Mark Johnston | 21/02/2023

The BOE will improve its RTGS through a new core settlement engine, migration to ISO 20022 messaging, and build-in CBDC functionality.

Payments & Settlements

CPMI Offers Guidance on Extending RTGS Operating Hours

By Editors | 21/02/2023

Extending RTGS system operating hours across jurisdictions would facilitate faster, cheaper, more accessible and more transparent cross-border payments.

Structural Regulation

Financial Firms Must Keep Better Accounting Records: NZ FMA

By Editors | 21/02/2023

The guidance is designed to help financial service providers address “emerging and persistent issues” in financial reporting, the FMA said.

Conduct, Culture & Accountability

Australia Proposes Enhanced Protections for SACC Consumers

By Editors | 21/02/2023

The amendments are designed to ensure consumers of SACCs and consumer leases are not left unable to meet their basic needs or other financial commitments.

Payments & Settlements

Singapore, India Launch Real-time Payments Linkage

By Editors | 21/02/2023

The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

Trading & Investment

PBOC Issues Draft Rules for Northbound Swap Connect Trading

By Editors | 20/02/2023

To participate in Swap Connect and trade interest rate derivatives with Mainland investors, foreign investors will need approval to access the interbank bond market.

Structural Regulation

CSRC Issues New Rules for Overseas IPOs by Mainland Firms

By Editors | 20/02/2023

The rules allow companies to choose an overseas listing destination for their IPOs, but require them to first register the intention with the CSRC, which will vet the applications.

Conduct, Culture & Accountability

Australia: Big Banks to Face Scrutiny from Parliamentary Committee

By Sanday Chongo Kabange | 20/02/2023

The big four will face questions about how they set interest rates, protect customers from scams, and support the flow of credit to small businesses.