Market Infrastructure

Market Infrastructure

China Steps Up Crackdown on Violations of Anti-monopoly Law

By Manesh Samtani | 24/11/2021

China Citic Bank and a Baidu unit are among the latest to be fined. The SAMR’s anti-monopoly bureau has been elevated to a separate state-level bureau.

Market Infrastructure

Japan Unveils Decisions on Treatment of Legacy LIBOR Contracts

By Manesh Samtani | 23/11/2021

Synthetic JPY LIBOR may be used if the contracting parties agree to do so, as well as in “exceptional cases” where it is difficult to proceed with negotiations.

Securities / Derivatives

IOSCO Issues Final Report on Regulating ESG Ratings & Data

By Editors | 23/11/2021

Regulators should promote more transparency regarding the methodologies that ESG ratings and data product providers use, IOSCO says.

Market Infrastructure

FSB Calls for Urgent Action Complete LIBOR Transition Steps

By Manesh Samtani | 23/11/2021

The FSB says transition should be “primarily to overnight RFRs” and that it is closely watching market developments regarding credit-sensitive rates.

Market Infrastructure

Bank Indonesia Issues Implementation Regulations for BI-FAST

By Editors | 22/11/2021

Banks with IDR 6 trillion in core capital, and non-bank institutions with IDR 100 billion in paid-up capital, can be direct participants of BI-FAST.

Market Infrastructure

HKEX Finalises Changes to Listing Regime for Overseas Issuers

By Manesh Samtani | 21/11/2021

From 1 January 2022, overseas issuers without WVR structures will have lower minimum market cap requirements to secondary list in Hong Kong.

Fintech / Regtech

ASX Opens DLT-as-a-Service Platform for Production Use

By Editors | 21/11/2021

Synfini uses the same underlying technology as ASX’s replacement system for CHESS, but is offered as a cloud service to facilitate product innovation.

Big Picture

FS-ISAC Offers Recommendations for Cyber Defence in 2022

By Mark Johnston | 21/11/2021

APAC financial institutions face threats from ransomware attacks, supply chain risks, and the resurgence of trojans and DDOS attacks.

Market Infrastructure

SEBI Proposes Market Maker Framework for Corporate Bonds

By Sanday Chongo Kabange | 21/11/2021

To act as market makers, stockbrokers and merchant banks would need INR 100 million in additional net worth over-and-above their existing obligations.