MARKET INFRASTRUCTURE

    Capital / Liquidity

    HSBC’s Historical and Regulatory Dilemma Exposed

    By Peter Guy | 25/06/2020

    Financial markets are still reeling from the regulatory implications of HSBC’s support for China’s national security law in Hong Kong, says Peter Guy.

    Market Infrastructure

    CBDCs Could Amount to ‘Sea Change’ for Payments: BIS

    By Manesh Samtani | 24/06/2020

    Covid-19 has highlighted unequal access to payment services for low-income and vulnerable groups. CBDCs present an opportunity to address this shortcoming.

    Market Infrastructure

    BOT Directs Banks to Suspend Dividends, Share Buybacks

    By Editors | 24/06/2020

    Commercial banks are asked to draw up new capital management plans for the next 1-3 years, taking into account expected economic and business trends following the pandemic.

    Market Infrastructure

    ASEAN+3 Strengthens Regional Emergency Liquidity Programme

    By Editors | 24/06/2020

    The 2010 crisis liquidity programme has been revised to reinforce financial support, create additional flexibility, and introduce conditionality.

    Market Infrastructure

    UK to Grant FCA Additional Powers to Facilitate LIBOR Retirement

    By Editors | 23/06/2020

    Legislative amendments will empower the FCA to prohibit or limit the use of LIBOR, or to direct a change in its methodology, to address the issue of ‘tough legacy’ contracts.

    AML / KYC

    India to Restrict Foreign Ownership of Pension Funds

    By Editors | 23/06/2020

    Under draft rules, government approval will be required for investment in an Indian pension fund from land-border countries including China; a 49% cap is proposed for other foreign investors.

    Market Infrastructure

    CBIRC Allows AIA to Incorporate as Wholly-owned Subsidiary in China

    By Editors | 22/06/2020

    The new subsidiary will become the first wholly foreign-owned life insurance company approved for incorporation in mainland China.

    Market Infrastructure

    What CSDR’s Settlement Discipline Regime Means for Asia’s Buy-side

    By Matt Johnson | 22/06/2020

    CSDR’s Settlement Discipline Regime could expose Asian firms to settlement failure penalties on their trades with EU counterparties, writes DTCC’s Matt Johnson.

    Market Infrastructure

    CSRC to Further Promote Shanghai as International Financial Centre

    By Editors | 22/06/2020

    The pace of opening up China’s capital market has further accelerated, in spite of the Covid-19 pandemic, CSRC chairman Yi Huiman said at the 12th Lujiazui Forum in Shanghai on Thursday.

    ESG / Sustainability

    HKMA Publishes Banking Sector Talent Gap Findings

    By Editors | 18/06/2020

    Key skill gaps in the banking workforce were identified in areas relating to technology and data, cybersecurity, core banking knowledge, regulation and compliance, and climate risk management.

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