MARKET INFRASTRUCTURE

Big Picture

Singapore Rated Asia’s Top Regulatory System, Followed by Hong Kong

By Editors | 18/02/2021

Duff & Phelps survey respondents rated the UK as the world’s top regulatory regime, followed by Singapore and the US, which tied for second place.

AML / KYC

Ant Group Undeclared Beneficial Owners Caused IPO Suspension

By Editors | 18/02/2021

The Wall Street Journal says Ant Group’s IPO was suspended last year due to its complex ownership structure and an unease over the likely beneficiaries of the listing.

Market Infrastructure

UK Consults on Legal Safe Harbour to Manage LIBOR Wind-down

By Editors | 18/02/2021

The consultation seeks views on whether a legal safe harbour could be a helpful supplement to the provisions inserted into the BMR by the Financial Services Bill.

Market Infrastructure

RBI Formally Permits India Residents to Invest in GIFT City

By Ranamita Chakraborty | 17/02/2021

Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.

Big Picture

Australia Super Industry Calls for Better Cybersecurity Standards

By Ranamita Chakraborty | 16/02/2021

The industry is overwhelmingly in favour of introducing baseline cybersecurity standards and improving the regulatory framework to address industry-specific risks.

Market Infrastructure

IFRS Foundation Calls for Research Into IFRS 9, IFRS 15 Disclosures

By Editors | 16/02/2021

The aim of the research is to provide evidence about the quality of disclosure provided by entities applying IFRS 9 and IFRS 15.

Market Infrastructure

Trade Associations Issue Update to Green Loan Principles

By Editors | 15/02/2021

The update includes social risks in the categories to be considered as part of project evaluation and selection. Previously only environmental risks were included.

Big Picture

IOSCO Reviews Impact of Govt Support on Credit Ratings

By Editors | 15/02/2021

Government support measures played a “significant role” in alleviating the downward pressure on credit ratings, IOSCO found in its review.

Market Infrastructure

CPA Australia Calls for Reforms to ASIC Funding Model

By Editors | 15/02/2021

The accounting body has asked the government to consider the adoption of a partial cost-recovery model for ASIC to ease the burden on the financial industry.