Market Infrastructure

Market Infrastructure

HKMA Defers Trade Facility Repayments by a Further 90 Days

By Editors | 05/08/2020

Banks have agreed to allow corporate customers who still face cash-flow pressures to further extend their trade facilities for a further 90 days, on top of the 90 days granted from May.

Big Picture

Regulatory Fragmentation in Markets Undermines Economic Recovery

By Manesh Samtani | 05/08/2020

Fragmentation introduces distortions and inefficiencies, undermining financing when it is needed to facilitate the recovery from Covid-19, ASIFMA says in a new report.

Market Infrastructure

Japan Amends Rules to Lure Hong Kong Fund Managers

By Sanday Chongo Kabange | 05/08/2020

A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.

Market Infrastructure

CSRC Consults on Enhanced Rules for Fund Managers

By Lucy Zhang | 04/08/2020

The changes are aimed at promoting the high-quality development of the public fund industry so that it can better serve the real economy.

AML / KYC

Interpol Reveals ‘Alarming Rate’ of Cyberattacks During Covid-19

By Editors | 04/08/2020

Interpol warns that a further increase in cybercrime is highly likely in the near future, citing vulnerabilities related to working from home.

Fintech / Regtech

DBS, Tax Department Collaborate to Digitalise Payments

By Editors | 04/08/2020

IRAS now offers PayNow QR as a payment option for individual income tax, corporate income tax, property tax and goods and services tax.

Market Infrastructure

MAS Awards StanChart Special Privileges for ‘Significant Rootedness’

By Manesh Samtani | 04/08/2020

The regulator also has plans to allow certain banks that are significantly rooted in Singapore to obtain full bank licences and set up digital-only subsidiaries.

Market Infrastructure

IMF Publishes New Transparency Code for Central Banks

By Editors | 03/08/2020

The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.

Big Picture

Credit Stress Tests Critical to Safeguarding CCPs

By Editors | 03/08/2020

Stress testing is a crucial tool within a CCP’s toolbox for ensuring the stability, safety, and resilience of the financial market, says a new paper from CCP12.