MARKET INFRASTRUCTURE

    Capital / Liquidity

    PBOC Rules for Conglomerates to Limit Systemic Risk: Fitch

    By Editors | 18/10/2020

    Fitch Ratings says the new regulations for conglomerates with interests in financial services will help contain systemic risks by limiting irregular financial activities and misconduct.

    Market Infrastructure

    HKMA Expects Adherence to ISDA IBOR Fallbacks Protocol

    By Editors | 18/10/2020

    The HKMA expects authorised institutions to adhere to the Protocol before it takes effect and to encourage counterparties to do the same.

    Market Infrastructure

    FSB Sets Out Global Transition Roadmap for LIBOR Phaseout

    By Editors | 18/10/2020

    By end-2020, firms should be in a position to offer non-LIBOR loans to customers. By 25 January, firms should adhere to the ISDA fallbacks protocol.

    Market Infrastructure

    Australian Regulators Prescribe Open Access to ASX Clearing Services

    By Manesh Samtani | 18/10/2020

    According to sources, the guidance was issued to prevent ASX Clear from imposing requirements on NSX with respect to the standards of its listed companies.

    Fintech / Regtech

    PBOC to Establish Consumer Protection Fund for Payments

    By Editors | 15/10/2020

    The new regulations are aimed at establishing a long-term mechanism for resolving and disposing of risks at non-bank payment institutions, the PBOC said.

    Market Infrastructure

    About Half of Global FX Market Exposed to Settlement Risk

    By Margaret Law | 15/10/2020

    Without immediate action, FX settlement risk will continue to accumulate and introduce vulnerabilities into the global financial system, says Margaret Law at CLS.

    Securities / Derivatives

    HKIFA Warns Against Changing UCITS Delegation Model – Report

    By Editors | 15/10/2020

    HKIFA chief Sally Wong reportedly said a move to restrict the delegation model could prompt capital to flow away from the European fund industry.

    Market Infrastructure

    SFTR Reporting Regime Goes Live for Buy-Side Firms

    By Editors | 14/10/2020

    Phase three of the SFTR places reporting obligations on investment funds, insurance companies and pension funds.

    Market Infrastructure

    Australian Regulators Urge Adherence to ISDA IBOR Fallbacks

    By Editors | 14/10/2020

    The ISDA IBOR fallbacks protocol and supplement were informed by extensive consultation with industry, including in Australia.

    AML / KYC

    G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts

    By Manesh Samtani | 14/10/2020

    The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.

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