Market Infrastructure

Market Infrastructure

Thailand Proposes Rule Changes to Enable Hong Kong MRF

By Editors | 13/07/2020

The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.

Market Infrastructure

SFTR Reporting Regime Goes Live for Sell-Side Firms

By Editors | 13/07/2020

Banks, investment firms, CSDs and CCPs started reporting securities financing transactions to approved trade repositories on Monday.

Market Infrastructure

SEBI Allows Foreign Stock Exchanges to Set Up in Gift City

By Editors | 13/07/2020

Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.

Fintech / Regtech

MAS, Temasek, JPM Complete Final Phase of Project Ubin

By Editors | 13/07/2020

The prototype that was built can integrate with other blockchain-based platforms and be used for cheaper, faster and safer cross-border payments and to settle foreign exchange transactions.

Market Infrastructure

HKMA Proposes New Code of Practice for Banks’ Trust Companies

By Manesh Samtani | 13/07/2020

The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.

Market Infrastructure

HKMA Sets Out Key LIBOR Transition Milestones for Banks

By Manesh Samtani | 12/07/2020

Fall-back provisions should be in place by January 2021, and authorised institutions should cease to issue new LIBOR-linked products maturing after 2021 by 30 June 2021.

Market Infrastructure

Hong Kong Passes Limited Partnership Fund Bill

By Editors | 12/07/2020

The limited partnership fund regime is aimed at attracting private equity, real estate, and venture capital funds to set up and operate in Hong Kong.

AML / KYC

Chinese Banks Plan for Possible US Sanctions – Report

By Editors | 09/07/2020

Bank of China and ICBC are reportedly preparing for worst-case possibilities that they could be cut off from US dollars or lose access to US dollar settlements.

Market Infrastructure

FSB, BCBS Suggest Supervisory Action for Slow LIBOR Work

By Manesh Samtani | 09/07/2020

The available supervisory tools to accelerate transition at banks could include ad-hoc regulatory capital add-ons, administrative sanctions or other legal actions.