Market Infrastructure

Market Infrastructure

ASIC Faces Pushback for Higher Financial Advice Levies

By Ranamita Chakraborty | 29/07/2021

The FPA says the formula ASIC uses to estimate the industry funding levy for financial planners is not equitable or sustainable and must be reviewed immediately.

ESG / Sustainability

BOJ to Pursue ‘Learning-by-doing’ Approach to Climate Risk

By Editors | 29/07/2021

The BOJ will offer zero-interest funds to FIs making loans and investments to tackle climate change, study the programme’s impacts, and make adjustments when necessary.

Market Infrastructure

Hainan Opens Market Access with Shorter Negative List

By Sanday Chongo Kabange | 28/07/2021

Foreign businesses and individuals are required comply with just 70 special management measures in 11 industries.

Market Infrastructure

Dealers Shift Default Rate for USD Linear Swaps to SOFR

By Manesh Samtani | 28/07/2021

Market observers reported a sharp increase in SOFR swaps transacted, a trend said to be “clear and pronounced”.

Securities / Derivatives

SEBI Requires Segregation, Monitoring of Client Collateral

By Editors | 27/07/2021

The framework seeks to address previous instances of brokers defaulting and misusing clients’ securities and funds.

Market Infrastructure

Australia Consults on Expansion of CDR to Telecom Sector

By Editors | 27/07/2021

Telecommunications will be the third sector to be considered for designation after banking and energy, which were designated in 2019 and 2020.

Market Infrastructure

RBNZ, FMA Consult on Implementation of FMI Act

By Sanday Chongo Kabange | 27/07/2021

The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.

Fintech / Regtech

New Body Formed to Promote Open Standards for Capital Markets

By Sanday Chongo Kabange | 27/07/2021

The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.

ESG / Sustainability

IOSCO Proposes Recommendations for ESG Ratings, Data Providers

By ESG Investor | 27/07/2021

IOSCO proposes recommendations to address the risks and challenges associated with products and services from ESG ratings and data providers.