Market Infrastructure

Market Infrastructure

HKMA Sets Expectations for CRA’s Exit from ‘Credit Data Smart’

By Sanday Chongo Kabange | 01/08/2024

Credit reference agency Nova Credit Limited has decided to cease operations and exit the new credit reference platform known as Credit Data Smart.

Fintech / Regtech

BSP Amends Guidelines for Payments Settlement Systems

By Sanday Chongo Kabange | 01/08/2024

The BSP said the revised guidelines provide operational flexibility to ACHs under the NRPS framework namely InstaPay and PESONet.

Market Infrastructure

BOJ Raises Interest Rate to Highest Level Since 2008

By Editors | 01/08/2024

The BOJ also said it would gradually reduce its monthly bond buying from JPY 6 trillion to JPY 3 trillion by Q1 2026.

Market Infrastructure

ASIC Proposes Rules for ASX Clearing and Settlement Services

By Sanday Chongo Kabange | 31/07/2024

ASIC is consulting on new rules to facilitate more competitive outcomes in cash equity clearing and settlement services provided by ASX.

Market Infrastructure

IIB Warns of Extraterritoriality of Treasury Clearing Proposal

By Editors | 31/07/2024

Under a proposed FICC rule, the SEC’s clearing mandate on US Treasury securities would apply to an entire foreign bank, rather than just its US-based branch.

Securities / Derivatives

CFTC Expands Access to Foreign Futures for US Investors

By Editors | 30/07/2024

Commissioner Caroline Pham says US market participants will have more choice in brokers and broker arrangements to trade foreign futures.

Market Infrastructure

UK FCA Proposes Reforms to Strengthen Capital Markets

By Editors | 30/07/2024

The FCA also finalised rules allowing the ‘bundling’ of payments for investment research and trade execution.

Market Infrastructure

ECB Concludes First Cyber Resilience Stress Test for Banks

By Manesh Samtani | 29/07/2024

The ECB said the results will help raise awareness about existing cyber risks and “the need for investment to further enhance cyber resilience”.

Securities / Derivatives

Korea: Reforms Boost Appeal of Government Bond Market

By Manesh Samtani | 28/07/2024

Research by ICMA and Bloomberg found increasing interest by international investors in the KTB market due to recent reforms.