MARKET INFRASTRUCTURE

Fintech / Regtech

ACCC, OAIC Outline Enforcement Approach to Data Rights Breaches

By Editors | 11/05/2020

A ‘strategic risk-based approach’ to compliance and enforcement has been adopted, focusing on building consumer confidence in the security and integrity of the Consumer Data Right system.

Big Picture

Regulatory Initiatives to Address Culture & Conduct Risk in Banking

By Editors | 11/05/2020

In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.

Market Infrastructure

ESMA Approves Four Trade Repositories for SFTR Reporting

By Editors | 10/05/2020

DTCC, UnaVista, KDPW and REGIS-TR will have their TR registrations for derivatives contracts under EMIR extended to include securities financing transactions under SFTR.

Market Infrastructure

Australia Defers All Royal Commission Commitments by Six Months

By Editors | 09/05/2020

In line with the Treasury’s announcement, ASIC has deferred mortgage broker reforms and the introduction of product design and distribution obligations.

Market Infrastructure

HKMA Proposes Mandatory Reference Checks to Stop Rolling Bad Apples

By Manesh Samtani | 08/05/2020

Under the scheme, prospective employees would be required to disclose employment records to recruiting AIs before a new employment relationship is established.

Market Infrastructure

China Scraps QFII, RQFII Quotas; Simplifies Outbound Remittance Rules

By Editors | 08/05/2020

QFII and RQFII investors will merely need to go through a registration process to invest in China. Requirements on outbound remittances and currency exchange have also been simplified.

Market Infrastructure

EU Benchmark Equivalence Regime Not Scalable: ISDA, FIA

By Manesh Samtani | 07/05/2020

While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.

Market Infrastructure

DBS Prices Singapore’s First SORA-based Floating Rate Notes

By Editors | 06/05/2020

DBS has priced the first floating-rate notes referencing SORA, identified last August as Singapore’s alternative interest rate benchmark to SOR.

Market Infrastructure

ECB Seeks Further Guidance from SWIFT on ISO 20022 Delay

By Editors | 06/05/2020

The request follows a March decision by SWIFT’s Board to extend the original timeline for implementation of ISO 20022 for cross-border payments by one year to end-2022.