Committee on Payments and Market Infrastructures

    Securities / Derivatives

    Hong Kong Proposes Enhancements to OTC Derivatives Regime

    By Manesh Samtani | 29/04/2019

    In a joint consultation, the HKMA and SFC propose to mandate the use of UTIs in OTC derivatives trade reporting, and to discontinue masking relief for all jurisdictions but China.

    Market Infrastructure

    Supervisors Should Avoid Fragmenting Clearing Ecosystem – Report

    By Editors | 07/04/2019

    A report from the World Federation of Exchanges and Oliver Wyman urges supervisors to ensure outstanding CCP reforms are implemented in line with agreed principles to avoid fragmentation.

    Market Infrastructure

    CPMI-IOSCO Report Progress in PFMI Implementation

    By Editors | 15/03/2019

    23 of 28 jurisdictions that participate in the CPMI-IOSCO implementation monitoring programme have adopted measures for all financial market infrastructure types, compared to 21 last July.

    Fintech / Regtech

    Moody’s Explores Credit Implications of Cyber Risk

    By Manesh Samtani | 06/03/2019

    Banks are at high risk because they hold the data and funds of private clients, and provide access to their services through multiple online and digital channels, says Moody’s Investors Service.

    Market Infrastructure

    Regulatory Fragmentation Heightens Derivatives Market Risk – ISDA

    By Manesh Samtani | 31/01/2019

    Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.

    Market Infrastructure

    CSRC Grants QCCP Status to Major Futures Exchanges

    By Editors | 29/01/2019

    The CSRC says the move demonstrates China’s active promotion of the CPMI-IOSCO Principles for Financial Market Infrastructures and its intent to internationalise its futures markets.

    Market Infrastructure

    Some Aspects of Post-Crisis Reform Disincentivise Central Clearing

    By Manesh Samtani | 20/11/2018

    A joint report from the FSB, BCBS, CPMI and IOSCO confirms earlier findings that some aspects of post-GFC reform may not incentivise central clearing of OTC derivatives.

    Market Infrastructure

    FSB Urges More Progress on CCP Resolution Regimes

    By Garima Chitkara | 20/11/2018

    Progress to enhance the resolvability of SIFIs is advanced in the banking sector, but most jurisdictions do not yet have a comprehensive resolution regime for CCPs in place.

    Market Infrastructure

    Capital Regime a Key Impediment to Accessing Central Clearing

    By Manesh Samtani | 13/09/2018

    FIA, IFF and GFMA said in a consultative response that the current capital regime overstates the risks of client clearing and raises the costs of providing client clearing services.

    Market Infrastructure

    CPMI, IOSCO Consult on Governance of OTC Derivatives Data

    By Editors | 20/08/2018

    New consultative document identifies key criteria, functions and bodies for the governance arrangements for critical OTC derivatives data elements data, other that UTI and UPI.

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