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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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