Market Infrastructure

Capital / Liquidity

UK Proposes Extensive Overhaul of Financial Services Regulations

By Manesh Samtani | 12/12/2022

The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.

Capital / Liquidity

FSB Announces Decision to Discontinue Annual G-SII Identification

By Editors | 12/12/2022

The FSB will instead use assessments available through the IAIS Holistic Framework to inform its considerations of systemic risk in the insurance sector.

Market Infrastructure

Japan FSA Finalises New Derivatives Reporting Guidelines

By Editors | 12/12/2022

The guidelines and associated reporting requirements will take effect on 1 April 2024, incorporating the UTI and CDE.

Securities / Derivatives

Industry Ranks Singapore Top APAC Market to Operate In

By Editors | 11/12/2022

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.

Crypto / Digital Assets

RBNZ to Start Monitoring Local Use of Crypto, Stablecoins

By Manesh Samtani | 11/12/2022

The monitoring framework will help the RBNZ understand how the market for new forms of money is developing and the implications for the monetary system.

Market Infrastructure

EU Commission Proposes New Rules on Clearing, Listing

By Editors | 11/12/2022

EU market participants will have to hold “active accounts” at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.

Market Infrastructure

RBI Restores Pre-pandemic Market Hours for Certain Markets

By Editors | 09/12/2022

Commercial paper, certificates of deposit, corporate bond repo and rupee interest rate derivatives markets will be restored to 9am-5pm.

Big Picture

BIS Calls Out Stability Risks From ‘Hidden’ FX Swap Debt

By Editors | 08/12/2022

The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains “stubbornly high”.

Market Infrastructure

Clearstream to Open Up Access to Korea Treasury Bonds

By Editors | 08/12/2022

The move comes after Korea passed a bill exempting non-residents and foreign corporations from having to pay income and capital gains tax on government bonds.