MARKET INFRASTRUCTURE

Market Infrastructure

CBIRC to Delegate Insurance Supervision to Local Authorities

By Editors | 27/07/2020

Local authorities will assume regulatory responsibilities over 64 property insurers, while the CBIRC will retain oversight for the 36 larger institutions.

Market Infrastructure

PBOC to Punish Banks Based on Green Finance Performance

By Editors | 27/07/2020

The PBOC’s branches will grade banks on their green finance performance quarterly starting in January 2021, using a set of quantitative and qualitative indicators.

Capital / Liquidity

CFTC Adopts New Swaps Rules Limiting Extraterritorial Oversight

By Editors | 27/07/2020

Chairman Heath Tarbert said it is unnecessary for the CFTC to be “the world’s policeman” for all swaps, given that most G20 jurisdictions have adopted similar swaps regulations.

Market Infrastructure

Japanese Trust Funds Align with Global Trends on FX Settlement Risk

By Makoto Miyazaki | 26/07/2020

Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.

Big Picture

Institute of Internal Auditors Offers Update to 3LoD Model

By Editors | 26/07/2020

The new ‘Three Lines Model’ is aimed at improving organisational structure to achieve better alignment, collaboration, and accountability among key players.

Market Infrastructure

HKMA Aligns Benchmark Reform Guidance for Banks with BCBS

By Editors | 26/07/2020

HKMA’s new guidance covers issues with benchmark reform relating to the definition of capital, market risk, counterparty credit risk, liquidity and operational risk.

Market Infrastructure

Covid Disrupts APAC LIBOR Transition, But Market Participants Unfazed

By Editors | 23/07/2020

A poll of APAC corporate treasury, finance and legal executives by APLMA and Bloomberg showed most participants still aim to be on track for the move to risk-free-rates by end-2021.

Market Infrastructure

‘Business As Usual’ for Hong Kong Banks, says HKMA Chief

By Editors | 23/07/2020

Chief executive Eddie Yue said the HKMA does not see that the national security law would affect the normal conduct of business in Hong Kong, provided it is permissible under existing regulations.

Big Picture

Singapore Financial Sector Sees Increased Cyber Attack Frequency

By Editors | 23/07/2020

In a VMware Carbon Black report, financial services firms cited a rise in attack frequency and sophistication, with custom malware the most frequently experienced attack.