Market Infrastructure

HK, Korea, Philippines to Undergo IMF Assessment in 2020

31/01/2020

While Hong Kong and Korea are scheduled to undergo the assessment, as required every five years, the Philippines has voluntarily requested its assessment.

Capital / Liquidity

APRA Publishes Strategic Priorities for the Year Ahead

31/01/2020

Chairman Wayne Byres says publishing APRA’s policy and supervision priorities supports the regulator’s commitment to greater transparency and accountability.

Enforcement

FSS Reprimands Woori, Hana Chiefs for Derivatives Mis-Selling

31/01/2020

The FSS is also recommending a 20-billion-won penalty be imposed on both banks, and for some of their operations to be suspended for six months.

Securities / Derivatives

HKEX Names Two Global Banks in Failed IPO Application

31/01/2020

Sponsored by Morgan Stanley and JP Morgan Securities, the listing of Chinese biotech firm Akeso was rejected due to a typo in the date in a listing application document.

Japan to Launch New Benchmark Interest Rate by Mid 2021 – Report

31/01/2020

From around Q2 this year, ‘reference rates’ for the new benchmark will be released as a first step, which will not be used for actual transactions.

Market Infrastructure

Buy-side Adoption of FX Global Code Lagging: BIS

31/01/2020

More needs to be done to bolster buy-side adoption of the FX Global Code, says MAS deputy managing director Jacqueline Loh, who also chairs the BIS Markets Committee.

Securities / Derivatives

HK Listed Companies May Miss Earnings Deadline – Reports

31/01/2020

The HKICPA has met with HKEX to propose extending a 31 March filing deadline for China-based companies listed in Hong Kong affected by coronavirus-related travelling restrictions.

Capital / Liquidity

Some Chinese Banks Would Crack Under Stress: S&P

31/01/2020

S&P Global Ratings identifies Bohai Bank, China Zheshang Bank, and Shengjing Bank as under more pressure than other PBOC stress-tested banks.

Market Infrastructure

RBNZ Endorses Official Cash Rate as Fallback Benchmark

31/01/2020

New Zealand will operate a dual interest rate benchmark system, retaining the Bank Bill Benchmark Rate and using the OCR as its fallback.