Market Infrastructure

Market Infrastructure

APRA Finalises Prudential Standard on Remuneration

By Manesh Samtani | 29/08/2021

The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.

Market Infrastructure

PBOC Receives Third Financial Holding Company Application

By Sanday Chongo Kabange | 29/08/2021

Beijing Financial Holdings Group is the third company to apply for a licence after China CITIC and China Everbright Group.

Enforcement

ASIC Prioritises Economic Recovery in New Corporate Plan

By Ranamita Chakraborty | 26/08/2021

ASIC’s key external priorities for the next four years include the economy, innovation, consumer harm, cyber resilience, and industry readiness for regulatory reforms.

Market Infrastructure

Korean Fund Managers Allowed to Cross-List Chinese ETFs

By Sanday Chongo Kabange | 26/08/2021

The FSC has enacted rule changes that allow domestic asset management firms to cross-list Chinese ETFs in Korea starting Friday (27 August).

Market Infrastructure

US Treasury ‘Will Not Adjudicate’ on LIBOR Replacement Rates

By Manesh Samtani | 26/08/2021

Nonfinancial corporations were seeking clarity on alternative rates and help to address difficulties obtaining loan agreements based on SOFR.

Market Infrastructure

Bank Indonesia Issues Framework for Open Banking

By Sanday Chongo Kabange | 26/08/2021

Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.

Market Infrastructure

S. Korea, Sri Lanka Become First in APAC to Raise Interest Rates

By Editors | 26/08/2021

The BOK is looking to curb household debt and home prices. The CBSL wants to stem inflationary pressure and the depreciation of the local currency.

Securities / Derivatives

SGX RegCo Proposes to Phase in Mandatory Climate Reporting

By Manesh Samtani | 26/08/2021

SGX also proposes an assurance requirement for sustainability reports and the introduction of a new ESG data portal for issuers and investors.

Market Infrastructure

CME Group Launches BSBY Futures Contract

By Editors | 25/08/2021

The contract was introduced to offer price discovery and risk hedging for the BSBY Index. CME Group plans to introduce OTC clearing of BSBY swaps in Q4.