Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
August 5, 2021The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
July 27, 2021Netting will be expanded to include all novated trades and the creation of the NBO and associated messaging will be discontinued to provide greater system scalability.
July 5, 2021Securities market participants must hold core capital of at least A$500,000, up from A$100,000 currently required. One year is given for compliance.
June 18, 2021KRX has amended its OTC derivatives clearing and settlement rules to provide the legal basis for the introduction of trade compression services.
June 15, 2021The Bill provides the RBNZ and FMA with comprehensive regulatory, supervisory, enforcement, and crisis management powers in respect of important FMIs.
May 7, 2021Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.
March 2, 2021The proposed changes will allow the CHESS replacement system to be scaled to much higher volume levels than previously envisaged, ASX said.
February 19, 2021SOR will now end 18 months later to reflect the IBA's plans, but the transition to SORA in cash products and derivatives markets will continue at pace.
February 3, 2021As markets for tokenised assets develop and grow in size, so too will the need to safeguard investors, consumers and financial stability.
January 27, 2021