Market Infrastructure

Myanmar Credit Bureau to Commence Operations in April

26/02/2020

It will take up to one year for the credit bureau to collect sufficient and meaningful credit data on local businesses before it will be provided to lenders.

Enforcement

ASIC Probes Brokers for Exploiting Wholesale Investor Rules – Report

26/02/2020

Some stockbrokers reportedly mis-classified retail clients as sophisticated investors in order to sell them poor-performing listed investment funds.

Securities / Derivatives

ASIC Proposes to Reduce Red Tape for Companies Planning IPOs

26/02/2020

ASIC proposes to grant conditional relief for voluntary escrow arrangements and pre-prospectus communications to existing shareholders and employees.

Market Infrastructure

RBNZ Estimates Cyber-attacks Cost Financial Sector NZ$144m Annually

26/02/2020

More extreme events have a low probability but are still plausible, illustrating the importance of managing cyber resilience effectively, the RBNZ says.

Market Infrastructure

ISDA Launches New Consultation on Pre-cessation Fallbacks

25/02/2020

ISDA seeks input on whether to add a pre-cessation trigger to the permanent cessation fallbacks it is implementing for LIBOR in its standard documentation.

Market Infrastructure

Taiwan Banks Likely to Replace LIBOR with SOFR: FSC

25/02/2020

The central bank calls on local banks to carefully evaluate the effects of the LIBOR transition, formulate benchmark conversion plans, and review the plans regularly.

Securities / Derivatives

Bursa Malaysia Subsidiary to Assume All Regulatory Functions

25/02/2020

The establishment of the new wholly-owned subsidiary, ‘Bursa RegSub’, follows a similar approach to SGX, which formed SGX RegCo to undertake all regulatory functions in 2017.

Market Infrastructure

ISDA Concludes Consultation on EUR LIBOR, EURIBOR Fallbacks

25/02/2020

Respondents selected the ‘compounded setting in arrears rate approach with a backward-shift adjustment’ and ‘five-year historical median approach to the spread adjustment’.

Securities / Derivatives

SEBI Amends Margin Framework for Cash, Derivatives Segments

25/02/2020

Margin requirements will be lower for positions that are hedged against each other, making some options strategies more feasible for traders.