Market Infrastructure

Giancarlo Proposes Multilateralism in CFTC Cross-border Approach

03/10/2018

In a white paper, Giancarlo proposes an alternative cross-border framework that pursues multilateralism and gives deference to non-US jurisdictions with comparable G20 swaps reforms.

Market Infrastructure

MAS Goes Live with Reporting Requirement for OTC Commodity, Equity Trades

02/10/2018

Firms must report OTC derivatives transactions in commodities and equities to a licensed trade repository; DTCC welcomes the MAS’ move to improve transparency and reduce risk.

Market Infrastructure

JP Morgan Blockchain-based Payments Platform Gains Traction

01/10/2018

The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.

Securities / Derivatives

S. Korea to Level Playing Field for Domestic PE Funds

01/10/2018

The FSC plans to ease rules that are said to limit the shareholder rights of domestic private equity funds and put them on even footing with foreign funds.

Market Infrastructure

MAS Publishes User Protection Guidelines for E-Payments

01/10/2018

The guidelines establish a common baseline protection from losses arising from isolated unauthorised or erroneous electronic payment transactions.

Enforcement

Australian Financial Sector Condemned in Royal Commission Interim Report

01/10/2018

The report says financial institutions have had free reign to pursue their own interests at the expense of customers and regulators have been ineffective in policing their behaviour.

AML / KYC

HKMA Outlines Regtech Initiatives – Speech

28/09/2018

The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.

Market Infrastructure

ISDA Chief Urges Early Preparation for ‘Enormous Challenges’ of 2020

27/09/2018

The industry will need to start preparing quickly to meet the challenges facing the derivatives market, which will reach a critical point in 2020, says ISDA CEO Scott O’Malia.

Securities / Derivatives

FTSE Russell Index to Include China, MSCI Considers Increased Weighting

27/09/2018

FTSE Russell to include China A-shares in global and emerging market benchmarks in three tranches; MSCI consults on increasing China weighting over two years.