Fintech / Regtech

CPMI Offers Guidance for Designers of Wholesale Digital Tokens

12/12/2019

The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.

Big Picture

Geopolitical Risk Surpasses Cyber as Top Overall Risk: Survey

12/12/2019

Geopolitical risk & trade tensions was cited as the top overall risk for 2020 in DTCC’s annual Systemic Risk Barometer Survey, though cyber was cited more frequently as a ‘top 5 risk’.

Market Infrastructure

LSEG to Provide Post Trade Technology for Philippine Bourse

12/12/2019

The Securities Clearing Corporation of the Philippines will use LSEG technology to enhance its clearing, settlement, risk and collateral management capabilities.

Securities / Derivatives

ASIC Allows Non-transparent Active ETFs to Remain Non-Transparent

12/12/2019

Active ETF providers will have to implement new controls to manage risks associated with internal market making models, but they will be allowed to continue to hide their holdings.

ACCC Proposes to Re-authorise Mortgage Broking Disciplinary Body

12/12/2019

The ACCC typically re-authorises the MFAA for five years. A draft decision to reauthorise it for just two years is to allow it time to make Royal Commission-related changes to its disciplinary rules.

Securities / Derivatives

NZX, EEX to Jointly Pursue Carbon Market Opportunities

12/12/2019

NZX believes that the transparency and security of a regulated market like the European Energy Exchange will add value to the existing carbon market in New Zealand.

Securities / Derivatives

KRX to Simplify KOSDAQ Listing Requirements Next Year

12/12/2019

Korea Exchange plans to reform the listing requirements of the KOSDAQ market by shifting the focus to the future growth potential of companies.

Securities / Derivatives

Fiji, PNG Stock Exchanges Sign MoU on Joint Market Development

12/12/2019

Fiji’s SPX has signed an MoU with Papua New Guinea’s national stock exchange to cooperate on capital markets development, following from a similar MoU with NZX earlier this year.

Capital / Liquidity

APRA Issues Final Operational Risk Requirements for ADIs

12/12/2019

The prudential standard comes into effect from 1 January 2021 for ADIs using advanced measurement approaches to calculate the required capital for operational risk.