Market Infrastructure

WFE Warns EMIR 2.2 Could Unduly Fragment Global Markets

29/08/2019

The WFE has issued a letter to the European Commission and ESMA outlining principles it says would support the objectives of EMIR 2.2 while limiting its negative consequences.

APRA Finalises Rules for How Super Funds Must Assess Performance

29/08/2019

Starting in January, superannuation licensees will be required to perform business performance reviews to assess whether they are delivering sound, value-for-money outcomes for members.

Enforcement

ASIC Focuses on Misconduct in Four-Year Corporate Plan

29/08/2019

ASIC will expand its use of behavioural sciences, data and technology and position itself as a more strategic and agile regulator.

Market Infrastructure

China to Allow Foreign Banks to Underwrite Interbank Market Bonds

29/08/2019

Foreign banks are currently limited to underwriting business involving offshore non-financial issuers. ‘Class A’ licences will allow them to underwrite bonds in the interbank market.

Capital / Liquidity

Japan FSA Plans New Measures to Ensure Regional Bank Sustainability

29/08/2019

To encourage consolidation among struggling regional lenders, the FSA may lower deposit insurance fees paid by banks that are more financially robust.

Securities / Derivatives

China Launches New FX Options Trading Pairs in Interbank Market

28/08/2019

Before Monday, the CFETS only provided FX options trading where one side of the pair was the CNY. New contracts include EUR/USD, USD/JPY, GBP/USD, AUD/USD and USD/HKD.

Capital / Liquidity

RBI to Transfer $24bn to Govt on Committee Recommendation

28/08/2019

The transfer will comprise of a $17.2bn income surplus and $7.4bn in excess provisions resulting from a newly revised economic capital framework for the RBI.

Securities / Derivatives

China to Accelerate Capital Market Reforms – Report

28/08/2019

The CSRC said it has adapted its plan to accelerate the opening-up of the capital market from international best practices.

AML / KYC

Philippine Police Arrest Former Govt Official for Banking Law Violations

28/08/2019

Former foreign affairs secretary Perfecto Yasay Jr is reportedly accused of conspiring to obtain a $6.7mn loan for a company without reporting the loan to the central bank.