Market Infrastructure

Securities / Derivatives

BOE Confirms Plans to Remove USD LIBOR Contracts from DCO

By Editors | 26/08/2022

The BOE will add SOFR overnight index swaps to the scope of contracts subject to the derivatives clearing obligation and remove USD LIBOR contracts in April 2023.

Market Infrastructure

US, China Nears Deal to Resolve Long-running Audit Dispute

By Editors | 26/08/2022

The CSRC has informed some accounting firms that US regulators may be visiting Hong Kong in September to inspect the audit records of US-listed Chinese companies.

Fintech / Regtech

JPX, AWS Partner to Enhance Capital Market Attractiveness

By Editors | 25/08/2022

New initiatives include enhanced infrastructure resilience, the creation of a product development environment, and enhanced collaboration with start-ups.

Fintech / Regtech

New Monitoring Body Concludes First Review of ASIC

By Editors | 25/08/2022

ASIC requires a substantial uplift in its data and technology capability, the FRAA says in its first review of ASIC as a regulator.

Capital / Liquidity

RBNZ to Restrict Foreign Banks’ Branches from Retail Business

By Sanday Chongo Kabange | 25/08/2022

The RBNZ also proposes to limit the maximum size of a branch of an overseas bank to NZD 15 billion (USD 9.3 billion) in total assets.

Crypto / Digital Assets

ASIC Outlines Strategic Priorities in New Corporate Plan

By Sanday Chongo Kabange | 24/08/2022

ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.

Capital / Liquidity

CFTC Extends No-action Relief for Foreign Nonbank Swap Dealers

By Editors | 24/08/2022

Nonbank swap dealers domiciled in Japan, Mexico, the UK and EU can rely on compliance with home country capital and financial reporting requirements until October 2024.

Market Infrastructure

India Simplifies Regulatory Framework for Overseas Investment

By Editors | 24/08/2022

The regulatory framework for overseas investment has been aligned with the “current business and economic dynamics”.

Market Infrastructure

ESMA Calls for Relaxation of BMR Third-country Regime

By Manesh Samtani | 23/08/2022

The current regime could impair the competitiveness of EU investors and, more generally, the EU financial market when the transitional period expires.