MARKET INFRASTRUCTURE

Market Infrastructure

Myanmar Awards Licences to Seven More Foreign Banks

By Editors | 13/04/2020

The preliminary licences were awarded to three Korean banks, two Taiwanese banks, one Hong Kong bank and one Thai bank.

AML / KYC

FSB Publishes Stage 1 Report on Enhancing Cross-Border Payments

By Editors | 09/04/2020

New technologies have the potential to facilitate fast, low cost, transparent and scalable payments, but should be accompanied by measures to address all relevant risks.

Market Infrastructure

IOSCO Redirects Work Programme to Focus on Covid-19 Impacts

By Editors | 09/04/2020

IOSCO resources will be redeployed to focus on matters directly impacted by Covid-19, including to examine market-based finance, investment funds and central clearing.

Fintech / Regtech

MAS Extends Assessment Period for Digital Bank Decisions

By Editors | 09/04/2020

Successful digital bank applicants will be informed in the second half of this year, instead of June 2020 as originally intended.

Market Infrastructure

Indonesia Has Adopted Measures to Implement PFMI: CPMI-IOSCO

By Editors | 09/04/2020

Since the 2019 update, Indonesia and Saudi Arabia have finished adopting measures that will enable them to implement the PFMIs for all financial market infrastructure types.

Market Infrastructure

ASIC, APRA Offer Best Practice Recommendations on LIBOR Transition

By Editors | 08/04/2020

ASIC, APRA and the RBA warn that a failure to transition to alternative reference rates could lead to significant reputational, operational and legal risk and disrupt financial markets.

Fintech / Regtech

In-Depth: Making Sense of Digital Bank Policy

By Jamie Lloyd Evans | 07/04/2020

Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

Enforcement

US Court Reverses 2017 Dismissal of Rate Rigging Suit Against Banks

By Editors | 07/04/2020

The decision effectively revives a suit by a group of investment funds against major banks over their alleged manipulation of yen LIBOR and euroyen TIBOR between 2006 and 2011.

Market Infrastructure

RBI Reduces Market Hours to Curb Volatility

By Editors | 06/04/2020

During India’s lockdown, currency, bond and money markets will operate for only 4 hours. SEBI has also brought forward the cut-off times for the mutual fund industry.