MARKET INFRASTRUCTURE

Crypto / Digital Assets

GFMA Report Details How DLT Will Benefit Capital Markets

By Editors | 18/05/2023

The report calls for market participants to proactively shape the future use of DLT and for policymakers to provide greater regulatory clarity.

Market Infrastructure

MAS Issues “Close-to-Final” Derivatives Reporting Rule Updates

By Manesh Samtani | 16/05/2023

MAS set October 2024 as the commencement date for its new OTC derivatives reporting rules, aligning with ASIC.

Market Infrastructure

Meeting the Challenge of HKMA Operational Resilience Requirements

By Shannon Wong | 15/05/2023

Shannon Wong and Lisa Huang discuss the HKMA’s expectations on operational resilience ahead of a fast approaching 31 May deadline.

Securities / Derivatives

Northbound Trading for Swap Connect Has Launched

By Manesh Samtani | 15/05/2023

At the opening bell, 37 transactions worth about $273mn were executed involving participation from 16 foreign institutions.

Enforcement

Australia, New Zealand to Jointly Investigate Data Breach

By Editors | 15/05/2023

The probe into Latitude’s data breach is the first joint privacy investigation by Australia and New Zealand authorities.

Capital / Liquidity

Supervisors Need More Guidance on Using Pillar 2 Tools

By Manesh Samtani | 15/05/2023

Many prudential risks that arise from rising interest rates are “beyond the scope of Pillar 1” and are “more effectively addressed” through a robust Pillar 2 supervisory review process.

Market Infrastructure

Banks Must Ensure LIBOR Transition Work is Complete: RBI

By Editors | 14/05/2023

No new transactions should be undertaken using USD LIBOR or MIFOR, and appropriate fallbacks must be in place in legacy contracts.

Securities / Derivatives

IOSCO Issues Guidance on Good Practices For ETFs

By Editors | 14/05/2023

The good practices cover effective product structuring, disclosure, liquidity provision, and volatility control mechanisms.

Market Infrastructure

PCAOB Publishes Findings from Audit Inspections of Chinese Firms

By Editors | 12/05/2023

The PCAOB said it found an “unacceptable rate” of deficiencies in the KPMG and PwC audits of US listed Chinese companies it reviewed last year.