Market Infrastructure

ASIC Proposes Licensing Relief for Foreign Funds Managers

04/07/2019

ASIC proposes to exempt foreign fund management providers from the requirement to hold an AFS licence to provide services to professional investors in Australia.

Market Infrastructure

G-SIBs Making Steady, Significant Progress on TLAC: FSB

04/07/2019

The FSB says further efforts are needed to ensure that TLAC will be available in the right amounts at all locations within a group during a crisis.

Fintech / Regtech

Singapore Digital Banks to Disrupt Smaller Incumbents the Most

04/07/2019

Singapore’s big banks will be able to defend against new digital entrants, while small foreign-owned incumbents will face the greatest disruption risk, says Moody’s Investors Service.

Enforcement

SFC Gains Access to Mainland Audit Papers for Investigations

04/07/2019

The MOF and CSRC agree to provide the “fullest assistance” in response to SFC requests for investigative assistance regarding the provision of audit working papers.

Market Infrastructure

BOJ Publishes Consultation on JPY Interest Rate Benchmarks

03/07/2019

The consultation paper presents and evaluates five options that can be used as alternative benchmarks upon transition and as fallback replacement benchmarks.

Capital / Liquidity

“Most Banks” Support RBNZ Bank Capital Proposal

03/07/2019

The submissions from the RBNZ consultation on raising bank capital requirements show the proposals have broad public support, including from “most banks”.

Market Infrastructure

Australian Payments Council Releases New Strategic Agenda

03/07/2019

The strategic agenda sets out five areas that will guide the APC’s work to ensure the payments system remains resilient, efficient, accessible, and adaptable.

Securities / Derivatives

MAS Proposes to Relax Requirements for Singapore REITs

03/07/2019

The consultation paper proposes to allow REITs to take on more leverage if they can demonstrate an ability to service their debt with regular income.

Market Infrastructure

China to Remove Foreign Ownership Limits a Year Early

03/07/2019

Premier Li Keqiang said at the World Economic Forum in Dalian that foreign ownership limits in the financial sector will end in 2020, ahead of schedule.