Market Infrastructure

Market Infrastructure

China to Ramp Up Cooperation with Gulf States: PBOC Governor

By Mark Johnston | 20/02/2025

Speaking in Saudi Arabia, the PBOC governor pledged cooperation on local currency settlement, payment systems, digital currency and AML.

Securities / Derivatives

UK Authorities Endorse Plan to Transition to T+1 Settlement Cycle

By Nithya Subramanian | 20/02/2025

HM Treasury, the FCA, and the BOE are urging market participants to begin preparations immediately to ensure readiness for 11 October 2027.

Big Picture

IOSCO Identifies Gaps in Market Surveillance Amid Technology Challenges

By Mark Johnston | 20/02/2025

IOSCO’s recent review shows progress by market authorities in tackling technological challenges, but some gaps remain.

Crypto / Digital Assets

SFC Unveils Roadmap for Achieving Virtual Assets Hub Ambitions

By Sanday Chongo Kabange | 20/02/2025

The roadmap includes potentially allowing virtual asset derivatives, margin financing, and staking and lending services.

Fintech / Regtech

Korea FSS Unveils Plans to Strengthen “Digital Resilience” of Banks

By Nithya Subramanian | 20/02/2025

The FSS is urging banks to enhance cybersecurity, IT infrastructure, disaster recovery capabilities, and regulatory compliance.

Market Infrastructure

BSP Approves Revised Framework for External Auditor Selection

By Sanday Chongo Kabange | 20/02/2025

The framework allows external auditors to offer services to a wider scope of entities – including digital banks and VASPs.

Market Infrastructure

Korea Approves New Rules to Prevent Illegal Short-selling

By Thisanka Siripala | 19/02/2025

The new rules will take effect on 31 March, alongside the lifting of a ban on short selling that was imposed in November 2023.

Market Infrastructure

Hong Kong Gazettes Subsidiary Legislation on Paperless Regime

By Sanday Chongo Kabange | 19/02/2025

Six pieces of subsidiary legislation set out detailed operational and regulatory matters for the uncertificated securities market regime.

Market Infrastructure

Malaysia, Indonesia, Thailand to Ramp Up Local Currency Transactions

By Nithya Subramanian | 18/02/2025

New framework streamlines processes and broadens the scope of cross-border transactions eligible for local currency settlement to include portfolio investments.