Market Infrastructure

APRA to Replace Outdated Financial Data Collection Platform

07/08/2018

Australia’s prudential regulator says its current data collection system requires a significant overhaul to match current flows of digitised data and regulatory requirements, plans to release tender for new solution by end of month and implement new system by end of 2019.

Securities / Derivatives

SEBI to Discontinue Sub-Brokers as Registered Market Intermediaries

07/08/2018

Sub-brokers will no longer exist as a regulatory category at SEBI and will need to become trading members or authorised persons starting from 31 March 2019.

Capital / Liquidity

Moody’s Assigns Stable Outlook To Thai Banks

06/08/2018

The Thai banking industry will see improved operating environment given robust economic growth along with strong capitalisation and government support, according to an assessment by Moody’s.

Securities / Derivatives

ASIC Finalises Review Of Exchange Traded Products

06/08/2018

ASIC review concludes that the ETP market is performing well in general, however, some concerns were raised on spread management and market maker concentration.

Capital / Liquidity

BSP Approves PFRS 9 Adoption at Philippine Banks

06/08/2018

Philippines domestic guidelines for IFRS 9 have been adopted by the central bank with additional requirements for governance overlaid on rules for impairment of bank assets.

Market Infrastructure

Australia Finds Banking Oligopoly Detrimental To Consumers

06/08/2018

The Productivity Commission report urges for more competition in Australia’s banking sector – a recommendation re-enforced by Treasurer Scott Morrison in a speech to industry executives.

Enforcement

India Probes Metropolitan Stock Exchange for Fraud, Mismanagement

06/08/2018

The MSEI is under investigation by the government of India and SEBI for alleged fraud and mismanagement, and has hired a forensic auditor to look into the allegations made by two whistleblowers.

Capital / Liquidity

Indian Banks Gear Up for RBI’s Second Asset Quality Review

02/08/2018

RBI has reportedly sought details of specific stressed asset accounts to ensure recognition and provisions are in line with regulatory norms; S&P Global says current cycle of bad loans is likely to reverse within next financial year.

Fintech / Regtech

New Phase of India’s Digital Payments Platform Likely in Mid-August

02/08/2018

UPI 2.0 to be released in mid-August will include new features like inward remittances and overdraft facilities. It will exclude a recurring payments feature present in the current platform.