Committee on Payments and Market Infrastructures

Market Infrastructure

MAS Issues “Close-to-Final” Derivatives Reporting Rule Updates

By Manesh Samtani | 16/05/2023

MAS set October 2024 as the commencement date for its new OTC derivatives reporting rules, aligning with ASIC.

Crypto / Digital Assets

UK Regulator to Impose Limits on Stablecoin Payments

By Mark Johnston | 18/04/2023

The BOE and the FCA will propose new rules by year-end to ensure stablecoins are redeemable in fiat money and do not threaten financial stability.

Capital / Liquidity

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Capital / Liquidity

HKEX to Increase Size of Futures Market Reserve Fund

By Manesh Samtani | 30/03/2023

HKFE Clearing Corporation has revised the default assumption used in calculating the Reserve Fund size.

Market Infrastructure

CPMI Calls for Action to Boost PvP Adoption in FX Trades

By Editors | 29/03/2023

CPMI proposes steps private and public sector stakeholders can take to foster greater PvP adoption in FX trades to reduce settlement risk.

Market Infrastructure

CPMI Consults on Harmonisation Requirements for ISO 20022

By Editors | 02/03/2023

CPMI is seeking feedback on technical harmonisation requirements for the use of ISO 20022 messages in cross-border payments.

Market Infrastructure

FSB Sets Out Next Steps for Enhancing Cross-border Payments

By Editors | 26/02/2023

The next phase of work focuses on payment system interoperability, legal and regulatory frameworks, and cross-border data exchange.

Market Infrastructure

UK Version of EMIR Refit to Take Effect from 30 Sept 2024

By Editors | 26/02/2023

The FCA and BOE have set out the final changes to the derivatives reporting framework under UK EMIR. Draft validation rules and XML schemas are open for feedback.

Market Infrastructure

FSB, CPMI Seek Nominations for Cross-border Payments Task Forces

By Editors | 24/02/2023

The FSB and CPMI are inviting firms to nominate senior representatives to two separate task forces that will focus on enhancing cross-border payments.