MARKET INFRASTRUCTURE

Market Infrastructure

New Zealand Passes Financial Market Infrastructures Bill

By Editors | 06/05/2021

The Bill provides the RBNZ and FMA with comprehensive regulatory, supervisory, enforcement, and crisis management powers in respect of important FMIs.

Capital / Liquidity

CBIRC Optimises Supervision of Foreign Banks in China

By Editors | 06/05/2021

The move is expected to allow foreign banks to play a role in facilitating China’s financial market opening-up and channelling funds into the economy.

Market Infrastructure

Mitigating FX Settlement Risk in Japan’s Pensions Industry

By Margaret Law | 06/05/2021

Margaret Law and Makoto Miyazaki discuss the need for Japanese pension funds to adopt PvP settlement to mitigate FX settlement risk.

Fintech / Regtech

NPP Australia Implements Data-Rich Messaging Standards

By Ranamita Chakraborty | 05/05/2021

NPP participating FIs can receive payment messages formatted with additional defined data elements for payroll, tax, superannuation and e-invoicing.

Enforcement

HKMA Adjusts Scope of Mandatory Reference Checking Regime

By Manesh Samtani | 05/05/2021

The HKMA has adjusted the scope of the regime, shortened the record retention requirement, and lengthened the time allowed to respond to an MRC request.

Fintech / Regtech

Regulatory Reporting Lessons from Singapore and Australia

By Editors | 04/05/2021

MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of reporting.

Market Infrastructure

Canada Establishes Regulatory Regime for Financial Benchmarks

By Editors | 03/05/2021

Once the regime is implemented, CDOR will become a designated benchmark with Refinitiv Benchmarks Services formally designated as its administrator.

Market Infrastructure

Getting Your Hands Dirty with IBOR Transition

By Manesh Samtani | 03/05/2021

Specialists from Bloomberg, Standard Chartered Bank, ING Bank and Clifford Chance discuss IBOR transition challenges and how to address them.

ESG / Sustainability

BNM Finalises ‘Climate Change and Principle-based Taxonomy’

By Manesh Samtani | 03/05/2021

The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.