Market Infrastructure

Market Infrastructure

US-China Talks on Audit Cooperation in ‘Late Stage’ – Reports

By Darien Choong | 08/05/2022

The talks are described as “late stage” due to concessions made by the CSRC. The SEC has added over 80 more companies to a list of Chinese firms that could be delisted in New York.

Market Infrastructure

HKMA Sets Timeline for Mandatory Reference Checking Regime

By Sanday Chongo Kabange | 08/05/2022

Banks have until 2 May 2023 to put in place the necessary internal controls, policies and procedures required for Phase 1 implementation of the MRC regime.

Market Infrastructure

Thai Regulators to Cooperate on Personal Data Protection

By Mark Johnston | 08/05/2022

Thailand’s banking, securities, insurance and data protection authorities have signed a supervisory cooperation MoU ahead of the 1 June implementation of the new PDPA.

Market Infrastructure

SEBI Directs Stock Exchanges to Audit Systems and Networks

By Editors | 08/05/2022

Stock exchanges must certify that their trading architecture and co-location facilities conform with regulatory requirements and treat all market participants fairly and equitably.

Market Infrastructure

PBOC, CBIRC Pledge to Support Growth of Real Estate, Tech Sectors

By Darien Choong | 06/05/2022

The pledge signals an easing of the year-long crackdown in the tech sector, and a move away from restrictive lending to the property sector.

Big Picture

Data Governance Systems Need Better Consent Mechanisms: BIS

By Manesh Samtani | 06/05/2022

Personal data is being aggregated and exploited, without the resulting benefits being passed on to consumers and businesses generating the data.

Big Picture

DTCC Calls for Greater Scrutiny of Interconnectedness Risks

By Editors | 05/05/2022

Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.

Market Infrastructure

RBA Calls on Major Banks to Enhance NPP Services

By Editors | 05/05/2022

The RBA is seeking assurances on the timely implementation of new NPP services, and asking banks to improve the reliability of the NPP services they already provide.

Capital / Liquidity

ISDA to Recognise China as Clean Netting Jurisdiction

By Editors | 04/05/2022

ISDA plans to publish a legal opinion recognising China as a jurisdiction in which close-out netting can be applied, paving the way for a more diversified onshore derivatives transactions.