MARKET INFRASTRUCTURE

Market Infrastructure

BOJ Expands Coronavirus Lending Programme to Over $1tr

By Editors | 16/06/2020

BOJ governor Haruhiko Kuroda indicated that the total size of the programme could rise further, particularly if a second wave of Covid-19 infections emerges.

Securities / Derivatives

US Federal Reserve Launches Bond-Buying Programme

By Manesh Samtani | 16/06/2020

A step not taken during the 2008 GFC, the Fed has started to buy corporate bonds in the secondary market, in a bid to support market liquidity and ensure credit availability.

Market Infrastructure

OCBC Issues Singapore’s First SORA-based Loan Facility

By Editors | 16/06/2020

The S$150mn three-year corporate loan from OCBC to CapitaLand is hailed as a milestone in the industry’s transition roadmap towards SORA adoption.

Market Infrastructure

Best Practice for Tackling Shareholder Disclosure Rules

By Daniel Flatt | 16/06/2020

As regulators seek ways to protect domestic assets during this economic downturn, experts from Deloitte, BlackRock and AxiomSL outlined common-sense advice on how to handle rapid regulatory change.

AML / KYC

PBOC Promises Crackdown on Illegal Overseas Gambling

By Editors | 16/06/2020

Payments industry stakeholders are directed to strengthen customer identification, report suspicious transactions, and improve surveillance.

Market Infrastructure

HKEX’s OTC Clear Introduces Client Clearing Services

By Editors | 15/06/2020

Market participants who are not themselves clearing members of OTC Clear can gain access to the benefits of central clearing through existing clearing members.

Market Infrastructure

RBI Reassesses Ownership, Control, Governance at Private Sector Banks

By Editors | 15/06/2020

The RBI has released a discussion paper proposing reforms to improve bank governance, and has formed a working group to review rules on private sector bank ownership and control.

Fintech / Regtech

FSC Korea Outlines Key Policy Tasks for H2 2020

By Editors | 14/06/2020

The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.

Market Infrastructure

EC Proposes Simplified Approach to Supervising Non-EU CCPs

By Editors | 14/06/2020

Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on ‘comparable compliance’.