Markets & Infrastructure

Payments & Settlements

CPMI Offers Global Framework for Interlinking Payment Systems

By Editors | 12/07/2022

The growing use of APIs and the adoption of ISO 20022 have opened up new possibilities for facilitating payment system interlinking, CPMI says.

Conduct, Culture & Accountability

FSC Korea to Strengthen Financial Consumer Protection Act

By Editors | 12/07/2022

The FSC intends to amend the Act to allow only exceptional cases of consumer solicitation, where consent is obtained from the customers in advance.

Conduct, Culture & Accountability

HKMA Issues Bank Guidance on Selling Protection Linked Plans

By Editors | 12/07/2022

Banks should discuss their plans for selling PLP with the HKMA and the details of pre-implementation reviews conducted by an independent party.

Operational Risk

IOSCO Issues Op Resilience Guidance for Markets, Intermediaries

By Editors | 12/07/2022

IOSCO has set out observations and lessons learned from the pandemic response to help inform future operational resilience arrangements.

Clearing & Post-Trade

MAS Proposes to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 11/07/2022

The exemption is for market operators that verify transactions and calculate transacting parties’ obligations, but do not actually clear or settle trades.

Trading & Investment

ARRC Issues Transition Guidance for Legacy LIBOR Cash Products

By Editors | 11/07/2022

The LIBOR Legacy Playbook will help market participants transition legacy LIBOR cash products. Refinitiv will publish fallback rates based on the CME Term SOFR rates in September.

Conduct, Culture & Accountability

FSC Korea to Boost Interest Rate Transparency in Banking Sector

By Editors | 11/07/2022

Banks will be required to publicly disclose their lending rates, deposit rates, and net interest spreads, to allow consumers to make quick comparisons.

Payments & Settlements

FSB Urges Adoption of LEI in Cross-border Payments

By Editors | 10/07/2022

Using the LEI in cross-border payments could facilitate straight-through processing, reduce costs, increase transaction speeds, and facilitate KYC compliance.

Trading & Investment

Bursa Malaysia Announces Launch of Shariah Discretionary Trading

By Editors | 09/07/2022

Discretionary trading based on Shariah principles is now permitted at Bursa Malaysia. Malacca Securities is the first to offer the service.