Market Infrastructure

MEMX Sets Launch Date for New Equities Exchange

02/06/2020

Platform testing will begin on 29 June, followed by member certification and user acceptance tests, ahead of a 4 September launch date.

Securities / Derivatives

SEBI Panel Proposes Creation of ‘Social Stock Exchanges’

02/06/2020

Non-profit organisations should be allowed to directly list bonds on social stock exchanges housed within existing exchanges such as the BSE or NSE, the SEBI panel suggests.

Securities / Derivatives

China to Extend Interbank Bond Market Trading Hours – Report

01/06/2020

Trading on the interbank bond market will initially be extended to 8 pm local time from 5 pm currently, and will gradually cover global trading hours.

Securities / Derivatives

Credit Suisse Takes Control of China Securities JV

01/06/2020

The CSRC granted Credit Suisse approval to raise its shareholding in the joint venture in April, from 33.3% to 51%.

Market Infrastructure

BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition

01/06/2020

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

Market Infrastructure

China Publishes Rules on Prime Broker Access to Interbank FX Market

01/06/2020

Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures.

Capital / Liquidity

Loan Payment Holidays Pose Banking System Risks: FSI Paper

01/06/2020

Delaying loan loss recognition too long may leave banks and supervisors with fewer options for dealing with future risks to the banking system, a new paper says.

Capital / Liquidity

Indonesia: OJK Relaxes Capital, Liquidity Requirements for Banks

01/06/2020

The OJK has removed the capital conservation buffer requirement, lowered the LCR and NSFR requirements to 80%, and deferred Basel III implementation.

Market Infrastructure

ARRC Publishes Best Practices for LIBOR to SOFR Switch

01/06/2020

The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.