Market Infrastructure

SWIFT Sees Growing ISO 20022 Adoption in Asia Pacific

03/04/2019

SWIFT has released a new report on the state of adoption of the ISO 20022 financial messaging standard among Asia Pacific securities market infrastructures.

Market Infrastructure

ESMA Urges Readiness for End-May EMIR Refit Adoption

01/04/2019

Counterparties should start collecting the data they will need in May to perform calculations to determine whether they are subject to the clearing obligation.

Market Infrastructure

TMA Consults on HONIA, Hong Kong’s Alternative Rate for HIBOR

01/04/2019

The Treasury Markets Association is proposing technical refinements to HONIA to enhance its robustness and representativeness as an alternative reference rate to HIBOR.

Market Infrastructure

The MAS Approach to Cultivating Ethical Culture in Banking

29/03/2019

MAS emphasises incentive structures as the key to driving ethical behaviour and encourages banks to adopt good practices highlighted in a new information paper.

Market Infrastructure

China Regulators Share Common Message of Opening Up

27/03/2019

Regulators at the three-day China Development Forum in Beijing had a common message for the market – that China plans to ramp up efforts to open up the financial sector this year.

Capital / Liquidity

APRA Proposes Stricter Credit Risk Management Standards

26/03/2019

The revised prudential standard enhances board oversight of credit risk and requires more intensive credit checks on borrowers. APRA also highlights the risks of P2P originated loans.

Market Infrastructure

Data Localisation Policies Impair Provision of Financial Services – GFMA

25/03/2019

The GFMA urges policymakers to develop alternatives to data localisation policies that ensure data protection while still supporting the financial services sector and the end-users it serves.

Enforcement

ASIC, APRA, Courts to Get More Funding to Pursue Misconduct

25/03/2019

In the 2019-2020 budget, Australia’s government will provide more than A$585mn in new funding to regulators and the court system to help stamp out financial sector misconduct.

Fintech / Regtech

GFMA, PwC Identify Technology Challenges for Investment Banks

22/03/2019

A new report from the GFMA and PwC says third-party providers could pose a challenge to banks’ core offerings if banks are not keeping pace with innovation.