MARKET INFRASTRUCTURE

Market Infrastructure

New Zealand Parliament Passes Reserve Bank Bill

By Sanday Chongo Kabange | 11/08/2021

The bill will strengthen the RBNZ’s decision-making, governance, independence and accountability, and change its funding model.

Market Infrastructure

Japan, UK Regulators Exchange Letters on CRA Supervision

By Editors | 11/08/2021

The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.

Market Infrastructure

BNM Standardises Reference Rate Used in Floating-rate Loans

By Editors | 11/08/2021

The ‘Standardised Base Rate’ will replace the ‘Base Rate’ as the reference rate for new retail floating-rate loans from 1 August 2022.

Market Infrastructure

Australia Consults on Disciplinary Body for Financial Advisers

By Editors | 11/08/2021

The government is consulting on regulations to support the establishment of the single disciplinary body that will form part of the new regime for financial advisers.

AML / KYC

SFC Finalises Investor ID, OTC Securities Reporting Regimes

By Manesh Samtani | 11/08/2021

The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.

Market Infrastructure

CSRC Accepts StanChart Application for Fully-owned China Brokerage

By Editors | 11/08/2021

The CSRC has accepted an application from Standard Chartered Bank Hong Kong to establish a fully owned securities unit in the mainland.

ESG / Sustainability

Japan FSA Seeks Better Quality ESG, Climate Disclosures

By Editors | 10/08/2021

The FSA plans to establish a new framework for the certification of ESG-related products. It is also exploring mandatory climate risk disclosures.

Market Infrastructure

ACCC Consults on Merger of BPAY, eftpos and NPP Australia

By Editors | 10/08/2021

A court enforceable undertaking is proposed to address concerns that the merger could reduce investment and support for eftpos and decrease the availability of least-cost routing.

Market Infrastructure

LCH Set to Switch Discounting, PAI Rate from SOR to SORA

By Editors | 08/08/2021

LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.