Market Infrastructure

Market Infrastructure

Indonesia Prepares to Launch Sovereign Wealth Fund

By Manesh Samtani | 29/11/2020

Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia’s 1MDB scandal still looms large in the minds of global investors.

Uncategorised

Myanmar Launches New Interbank Payment, Settlement System

By Sanday Chongo Kabange | 29/11/2020

Modelled after Japan’s national payment system, the new system is expected to enhance straight-through processing between the central bank and FIs.

Market Infrastructure

DSB Calls for Asian Members to Join Product Committee

By Editors | 29/11/2020

The DSB seeks to expand its Product Committee membership to include more OTC derivatives users from Asia to further broaden industry collaboration geographically.

Enforcement

Prosecutors Assess Whether EY Acted Criminally During Wirecard Audits

By Editors | 29/11/2020

Germany’s audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.

Market Infrastructure

CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing

By Editors | 29/11/2020

The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.

Big Picture

HKIMR Offers Suggestions to Develop Hong Kong Green Bond Market

By Shruti Khairnar | 27/11/2020

To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.

Fintech / Regtech

MAS On Track to Award Digital Bank Licences by Year-End

By Manesh Samtani | 26/11/2020

Regulatory changes impacting some of the Chinese digital bank applicants are unlikely to have an impact on the granting of the new licences in Singapore.

Securities / Derivatives

HKEX Outlines Derivatives Market Enhancements for 2021

By Editors | 26/11/2020

Market participants who plan to trade or clear selected derivatives contracts during Hong Kong public holidays will be asked to demonstrate technical readiness.

Market Infrastructure

APRA Unveils Details of New Cyber Security Strategy

By Manesh Samtani | 26/11/2020

Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.