Enforcement

SFC Fines UBS and Others HK$787mn for IPO Sponsor Failures

15/03/2019

“The sanctions send a strong and clear message to the market that we will not hesitate to hold errant sponsors accountable for their misconduct,” said SFC chief Ashley Alder.

Capital / Liquidity

British Banks Can Weather a No-Deal Brexit

13/03/2019

While UK banks may not be fully ready to conduct business in EU jurisdictions, from a liquidity and capital point of view they appear well-positioned to weather a no-deal Brexit scenario.

Market Infrastructure

ASX Proposes New Requirements for Clearing, Settlement Participants

12/03/2019

ASX is consulting on new disaster recovery, business continuity and cyber resilience requirements for clearing and settlement participants.

Big Picture

MAS’ Ravi Menon on Blockchain Misconceptions – Speech

11/03/2019

In a recent speech, MAS managing director Ravi Menon shared his views on blockchain, common misconceptions and use-cases where the technology shows the most promise.

Securities / Derivatives

China’s AMAC Proposes Stricter Rules for Private Funds

08/03/2019

Private equity, venture capital and hedge fund managers are facing more stringent requirements to register a product with the Asset Management Association of China.

Market Infrastructure

BCBS, IOSCO Guidance Offers Some Relief on Margin Requirements

07/03/2019

Institutions should start work immediately to ensure readiness for the Phase 5 implementation of margin reform in September 2020, says KPMG’s Tom Jenkins.

Fintech / Regtech

Moody’s Explores Credit Implications of Cyber Risk

06/03/2019

Banks are at high risk because they hold the data and funds of private clients, and provide access to their services through multiple online and digital channels, says Moody’s Investors Service.

Market Infrastructure

Urgent Action Needed on UK Trading Venue Equivalence

05/03/2019

ISDA, FIA and eight other industry bodies warn of the disruptive impact that would result if urgent action is not taken by EU authorities to recognise UK derivatives trading venues.

Market Infrastructure

EU Policymakers Agree on Two Years Grace for BMR Compliance

01/03/2019

Policymakers have agreed to give administrators of ‘critical’ EU and ‘non-critical’ non-EU benchmarks two more years to comply with the Benchmark Regulation.