Market Infrastructure

Capital / Liquidity

Eight Jurisdictions Yet to Adopt Resolution Frameworks – FSB

By Garima Chitkara | 30/04/2019

Eight major jurisdictions are yet to adopt resolution planning. Further work is needed on resolution planning for D-SIBs and other banks, as well as on cross-border cooperation on bank resolutions.

Market Infrastructure

China Allows Payment Firms to Offer Cross-Border Services

By Editors | 30/04/2019

China’s State Administration of Foreign Exchange is allowing payment providers to offer cross-border services for e-commerce settlement, electronic payments and foreign exchange.

Market Infrastructure

Singapore’s NETS to Co-Develop QR Payment System in Myanmar

By Editors | 30/04/2019

Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.

Capital / Liquidity

SEBI Cuts Net Worth Requirements for Gift City Clearing Corporations

By Editors | 29/04/2019

SEBI slashes minimum net worth requirements for clearing corporations operating in India’s international financial services centre from 3 billion to 1 billion rupees.

Market Infrastructure

BOJ Committee Releases Results of Discussion on Libor Alternatives

By Garima Chitkara | 29/04/2019

The industry-led committee is working to develop term reference rates based on JPY OIS as a potential alternative benchmark in light of the discontinuation of JPY LIBOR in 2021.

Market Infrastructure

SGX, UOB Sign Pact to Help Chinese Firms Expand in ASEAN

By Editors | 29/04/2019

Chinese firms will be able to leverage SGX and UOB’s infrastructure, expertise and networks to expand into Singapore and other ASEAN nations.

Market Infrastructure

China National Credit System to Include Foreign Data

By Editors | 29/04/2019

Foreign workers in China will be required to submit their personal credit information, including from activities in other countries, to the national credit system in order to obtain loans.

Market Infrastructure

RBI Extends LEI Deadlines for Non-Derivative Market Participants

By Editors | 29/04/2019

Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.

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.