Market Infrastructure

CFTC Chairman Seeks Formal Guidance on Phase 5 Initial Margin

06/05/2019

Chairman Giancarlo seeks regulatory guidance clarifying that entities with calculated initial margin amounts less than $50mn need not make preparations to exchange initial margin.

Fintech / Regtech

HKMA Urges ‘Data Ethics’ in FinTech Development

06/05/2019

The HKMA encourages authorised institutions to adopt the PCPD’s Ethical Accountability Framework in the development of fintech products and services.

Fintech / Regtech

Eight Firms Pass Initial Screening for GFIN Cross-Border Testing Pilot

30/04/2019

Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.

Securities / Derivatives

Hong Kong Proposes Enhancements to OTC Derivatives Regime

29/04/2019

In a joint consultation, the HKMA and SFC propose to mandate the use of UTIs in OTC derivatives trade reporting, and to discontinue masking relief for all jurisdictions but China.

Big Picture

Closer Cooperation Key to Greater Bay Area Success – FTAHK

28/04/2019

There are significant opportunities for cross-border collaboration and integration across the Greater Bay Area, the FinTech Association of Hong Kong says in a new report.

Market Infrastructure

ISDA, FIA Respond to Singapore, Australia BMR Equivalence

19/04/2019

The associations say a preferred approach would be to recognise Singapore’s and Australia’s regimes as a whole rather than the current benchmark-by-benchmark approach.

Market Infrastructure

Global Financial Market Integration Requires More Policy Work

17/04/2019

Additional policy work is needed to level the playing field for internationally active entities, according to Financial Stability Institute chairman Fernando Restoy.

Market Infrastructure

Hogan Lovells Releases APAC Data Protection, Cyber Security Guide

16/04/2019

The guide offers a look at the key data protection and cyber security developments of 2018, expectations for the year ahead, and guidance for effective compliance.

Market Infrastructure

FRTB May Disadvantage Emerging Markets – ISDA

15/04/2019

There is a need for supervisors to consider local specificities when implementing the framework in less developed markets, ISDA says.