MARKET INFRASTRUCTURE

Capital / Liquidity

BOE Sets Deadline for UK Firms to Embed Climate Risk

By Editors | 07/07/2020

By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented and embedded in their organisations.

Market Infrastructure

Singapore Regulator Raises Concerns Over LSEG-Refinitiv Deal

By Editors | 06/07/2020

Singapore’s competition regulator has concerns about whether Refinitiv’s widely used WM/Reuters FX benchmarks would be offered to rival providers at fair and reasonable terms.

Market Infrastructure

16 Banks Announce Initiative to Digitalise Payments Across EU

By Editors | 06/07/2020

The unified payment solution for consumers and merchants across Europe will encompass a payment card, digital wallet, and online and P2P payments.

Big Picture

Virtual Banks Could Shake Up Funds Industry – Report

By Editors | 03/07/2020

Successful virtual banks are likely to branch out into wealth management services, robo-advisory and fund distribution, says a new Calastone paper.

Market Infrastructure

Taiwan to Tighten Rules on Chinese Investment – Report

By Editors | 02/07/2020

New rules will empower Taiwan’s government to investigate whether funds from Hong Kong or other countries are actually from Chinese investors.

Market Infrastructure

BSP Approves New Payment System Oversight Framework

By Editors | 02/07/2020

The BSP will be empowered to designate a payment system as systemically important, and replace its operator for a failure to satisfy regulatory obligations.

Capital / Liquidity

S. Korea Advances OTC Derivatives Reforms

By Editors | 02/07/2020

Cabinet-approved legislative revisions will introduce an OTC derivatives reporting requirement, a licensing system for trade repositories, and penalties for circumventing margin rules.

Fintech / Regtech

Australia Launches Open Banking Data Sharing Regime

By Editors | 01/07/2020

The big four banks have opened up their deposit, transaction account, credit and debit card data for customers to share with other major banks or accredited fintech providers.

Market Infrastructure

Philippine SEC Seeks Independent Board at Stock Exchange

By Editors | 01/07/2020

The Philippine Stock Exchange currently has three independent directors on its 15-seat board. Under the proposed rules, a majority of the directors will have to be independent.