Market Infrastructure

Market Infrastructure

HKMA Urges Continued Efforts to Advance Bank Culture Reform

By Manesh Samtani | 24/11/2020

In a recent keynote address, the HKMA’s Alan Au discussed seven common themes that were identified from banks’ self-assessments of culture reforms.

Market Infrastructure

CSRC Updates Senior Manager Rules for Securities, Fund Operators

By Manesh Samtani | 24/11/2020

Securities and fund management firms are expected to establish and improve internal accountability mechanisms for senior managers, and penalise violations with clawback and malus.

Capital / Liquidity

RBI Working Group Proposes New Rules on Bank Ownership

By Sanday Chongo Kabange | 23/11/2020

The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

Crypto / Digital Assets

Australian Treasury Seeks Feedback on Payments System Regulation

By Manesh Samtani | 23/11/2020

The paper seeks views on the adequacy of the current regulatory architecture for developments such as stablecoins, cryptocurrency, digital wallets, stored value facilities and open banking.

ESG / Sustainability

Malaysia, Japan Authorities Appointed to NGFS Steering Committee

By Sanday Chongo Kabange | 23/11/2020

The inclusion of Japan’s FSA, BNM and Bank of Canada on the steering committee will widen the NGFS’ global reach and strengthening its geographical representation.

Capital / Liquidity

MAS Launches New RMB Liquidity Facility for Banks

By Manesh Samtani | 23/11/2020

RMB funding of up to 3 months will be channelled to primary dealers, thereby enhancing credit intermediation and overall RMB market liquidity in Singapore.

Securities / Derivatives

ASIC Launches Probe into ASX Over Equity Market Outage

By Manesh Samtani | 23/11/2020

ASIC had earlier said it would determine whether ASX followed the relevant regulatory requirements and met its licence obligations.

ESG / Sustainability

FSB Warns of Sharp Falls in Asset Prices from Climate Risk

By ESG Investor | 23/11/2020

Physical and transition risks could combine to increase destabilisation, the FSB says in a new report, citing “numerous sources of uncertainty”.

Market Infrastructure

BSP Instructs Banks to Report on LIBOR Exposures Quarterly

By Manesh Samtani | 23/11/2020

The regular reports will guide the degree of the central bank’s supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.