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Big Picture
BigTechs in Finance Needs More Comprehensive Regulatory Approach
By Manesh Samtani | 28/01/2021
Rules for designating financial institutions as systemically important should be redefined so they can be applied to BigTech entities, says Agustín Carstens.
Market Infrastructure
FMA Review Finds NZX Technology Capability Lacking
By Editors | 28/01/2021
NZX is required to develop a detailed, time-bound action plan to address the technology issues identified in a review conducted by the FMA.
Fintech / Regtech
PBOC Tightens Rules on Managing Customer Funds for Payment Firms
By Editors | 27/01/2021
Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.
Big Picture
China Access Channels for Foreign Institutional Investors: ASIFMA
By Editors | 27/01/2021
New ASIFMA paper looks at the various investment access channels for foreign institutional investors investing in China’s capital markets.
Market Infrastructure
Policy Rethink Needed to Promote Green Finance Development in India
By Manesh Samtani | 27/01/2021
India needs a policy framework that addresses existing frictions at both the national and state levels, says a new paper from the RBI.
Market Infrastructure
Japan, Shanghai, Shenzhen to Expand ETF Connectivity Scheme
By Editors | 27/01/2021
The exchanges agreed to broaden the lineup of products available under the scheme and to collaborate in other areas including sustainable finance.
Capital / Liquidity
PBOC, CBIRC Approve New Capital Raising Tool for Banks
By Manesh Samtani | 26/01/2021
While small banks face acute funding needs, larger banks and G-SIBs will similarly have to bolster capital to address rising NPLs and incoming regulatory requirements.
Market Infrastructure
ASIC Data System Illegally Accessed by Malicious Attacker
By Editors | 25/01/2021
The affected server was being used to share documents associated with recent credit licence applications, though no forms or attachments are believed to have been accessed.
Big Picture
Regulatory Intervention Needed for JPY LIBOR Transition – Fitch
By Editors | 25/01/2021
Japan’s decision to keep TIBOR may slow the adoption of TONA, lengthening the time needed to generate liquidity in TONA derivatives and establish forward-looking TONA rates.
Market Infrastructure
ISDA IBOR Fallbacks Supplement, Protocol Come Into Effect
By Editors | 25/01/2021
More than 12,000 entities across nearly 80 jurisdictions have so far adhered to the protocol, which will remain open for adherence.
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