Market Infrastructure

Hong Kong Regulators Offer Assurances on National Security Law

19/07/2020

Financial Secretary Paul Chan has asked Hong Kong financial regulators to explain to their stakeholders that the national security law will not harm their operations.

Enforcement

ESMA Opens Probe Into Germany’s Wirecard Response

19/07/2020

ESMA’s fast track assessment will focus on whether BaFin and accounting watchdog FREP properly applied European guidelines on enforcing the reporting of financial information.

Capital / Liquidity

Indonesia Gives Deposit Insurer Powers to Prevent Bank Failures

19/07/2020

The Indonesia Deposit Insurance Corporation can now raise its own funding and provide temporary liquidity support to banks outside of resolution.

Market Infrastructure

Korea Credit Bureau to Integrate Pension Payments in Credit Scores

19/07/2020

Pension contributions data will be converged with KCB credit data using homomorphic encryption, technology which allows data analysis to be performed on encrypted data stored at different institutions.

Capital / Liquidity

CBIRC Approves State-backed Bailout of Bank of Gansu

19/07/2020

The CBIRC has approved the issuance of new shares to help Bank of Gansu raise its core tier 1 capital. Four state-owned companies will subscribe to the new shares.

Fintech / Regtech

BOT Enters Third Phase of CBDC Development

19/07/2020

The BOT is planning to expand CBDC use among large businesses and, in September, to transactions with the HKMA.

Securities / Derivatives

KOFIA Chair Vows to Restore Trust in Hedge Fund Industry

17/07/2020

KOFIA will prevent moral hazard in the hedge fund industry by providing consulting services and strengthening the role of prime brokers, intermediaries and fund managers in monitoring efforts.

Market Infrastructure

Optimising the Libor Switch with Portfolio Compression

17/07/2020

TriOptima’s multilateral approach to portfolio compression is helping the sell-side and buy-side alike to reduce Libor risk, optimise capital, and enhance operational efficiency.

Market Infrastructure

MAS Planning Ahead to Avoid ‘Cliff Effect’ of Relief Withdrawal

16/07/2020

“Bank loans and insurance policy premiums will eventually have to be paid,” MAS’ Ravi Menon said, pointing to a need to avoid the ‘cliff effects’ of sudden relief withdrawal.