Capital / Liquidity

ISDA Chief Urges Continued Work on Initial Margin Implementation

09/09/2020

Phase 5 implementation will be the most demanding phase yet, and firms will need to be ready well in advance to avoid a last-minute compliance bottleneck.

Fintech / Regtech

Mastercard Launches Virtual Testing Environment for CBDCs

09/09/2020

The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

Enforcement

China Banking Association Publishes New Code of Ethics

09/09/2020

The new Code will establish a system to “blacklist” and “greylist” banking practitioners who violate laws, regulations and discipline, and impose new obligations on senior managers.

Securities / Derivatives

TWSE to Launch Market Making System by June 2021

09/09/2020

Brokerages electing to serve as market makers will benefit through reduced handling fees, and be allowed to freely choose which eligible shares to trade.

Capital / Liquidity

RBI Issues Framework for Covid-related Loan Restructuring

09/09/2020

The framework sets out sector-specific floor and ceiling thresholds for five financial ratios that lenders mandatorily have to consider when restructuring loans.

Capital / Liquidity

APRA to Amend Liquidity Rules for Banks – Report

08/09/2020

The changes will require banks to decrease their holdings of private sector liquid assets in favour of buying more government debt.

Enforcement

India’s Enforcement Directorate Fines StanChart $13.6mn

08/09/2020

Standard Chartered escrow accounts were used in 2007 to transfer shares in Tamilnad Mercantile Bank to overseas investors without the RBI’s permission.

Market Infrastructure

China Announces Global Initiative to Safeguard Data Security

08/09/2020

The initiative opposes the creation of backdoors in technology products, large-scale surveillance of other countries, and the illegal acquisition of foreign citizens’ personal data.

Securities / Derivatives

Industry Standards Needed for Measuring Execution Quality: FMSB

08/09/2020

Best practice principles will facilitate regulatory compliance and drive efficiencies in the measurement of execution quality, the FMSB says in a new spotlight review.