Market Infrastructure

Fintech / Regtech

Australia Launches Open Banking Data Sharing Regime

By Editors | 01/07/2020

The big four banks have opened up their deposit, transaction account, credit and debit card data for customers to share with other major banks or accredited fintech providers.

Market Infrastructure

Philippine SEC Seeks Independent Board at Stock Exchange

By Editors | 01/07/2020

The Philippine Stock Exchange currently has three independent directors on its 15-seat board. Under the proposed rules, a majority of the directors will have to be independent.

Market Infrastructure

FSB Issues Statement on Global Benchmark Transition

By Editors | 01/07/2020

The FSB maintains its view that financial and non-financial sector firms across all jurisdictions should continue efforts to remove remaining LIBOR dependencies by end-2021.

ESG / Sustainability

HKMA Sets Out Principles for Supervisory Approach on Climate

By Manesh Samtani | 01/07/2020

The HKMA expects the results of the industry greenness self-assessments in August 2020, which will inform its supervisory expectations ahead of a consultation next year.

Market Infrastructure

The New Normal: Conduct Risk & Personal Accountability

By Stephen Scott | 01/07/2020

Increasingly, leaders along all Three Lines of Defence are being held personally accountable for misconduct that takes place on their watch, says Stephen Scott at Starling.

Market Infrastructure

ASX Proposes April 2022 Go-Live of CHESS Replacement

By Editors | 30/06/2020

The revised timetable accounts for Covid-19 related disruptions, accommodates functionality changes, and provides more time to ensure user readiness.

Market Infrastructure

Covid-19 Liquidity Issues to Morph into Solvency Threat: BIS

By Manesh Samtani | 30/06/2020

Once the acute illiquidity phase of the crisis passes and insolvency problems emerge, the onus of crisis management will shift from central banks to fiscal authorities.

Securities / Derivatives

US Regulators Approve Volcker Rule Revisions

By Editors | 30/06/2020

The latest amendment allows banks to invest in venture capital and credit funds and reduces the amount of capital they have to set aside against inter-affiliate swap trades.

Market Infrastructure

Industry Bodies Call on EU to Reform Benchmarks Regulation

By Editors | 30/06/2020

The majority of third-country benchmarks pose no systemic risk but could nevertheless be barred from use in the EU due to a costly and burdensome third-country benchmark regime.