Market Infrastructure

DBS, ICBC Issue First Club Loan Pegged to SORA

01/10/2020

The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.

Securities / Derivatives

SFC Sets Minimum Period for Client Access to Trade Documents

01/10/2020

Intermediaries have one year to align the minimum online retrieval period of their posted trade documents with the new requirements.

Securities / Derivatives

DTCC Outlines Steps to Fully Dematerialise US Securities Market

01/10/2020

DTCC believes that the industry can achieve full dematerialisation of over 98 percent of all US physical certificates in the next three years.

Capital / Liquidity

China Issues G-SIB TLAC Rules for Consultation

30/09/2020

Under the rules, China’s G-SIBs must have loss-absorbing capacity amounting to at least 16 percent of risk-weighted assets starting from 1 January 2025.

Capital / Liquidity

PBOC Enhances Policy Toolbox with CCyB Implementation

30/09/2020

The initial countercyclical capital buffer ratio will be set at zero, meaning capital requirements of banks have not been increased.

Enforcement

Japan FSA Demands Explanation for Miscounted Shareholder Votes

30/09/2020

Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.

Fintech / Regtech

MAS Orders Wirecard Entities to Cease Singapore Payment Services

30/09/2020

Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.

Securities / Derivatives

Goldman to Build Out FX Trading Infrastructure in Singapore

30/09/2020

Goldman expects its FX pricing engine in Singapore to be live in the first quarter of 2021 across deliverable and non-deliverable currencies.

Fintech / Regtech

RegTech Asia 2020: Trade Surveillance and Monitoring

30/09/2020

What has the increased use of new client communication modalities to facilitate trading amid the pandemic meant for market surveillance and regulatory compliance?