Market Infrastructure

Market Infrastructure

Australia: New Report Proposes Changes to Financial Advice Rules

By Sanday Chongo Kabange | 27/10/2020

The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.

Market Infrastructure

Singapore Publishes Timelines, Guidance to Support Transition to SORA

By Manesh Samtani | 27/10/2020

Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.

Market Infrastructure

China to Issue Additional Quotas for Outbound Investment via QDII

By Editors | 26/10/2020

The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years.

Capital / Liquidity

MAS Proposes Amendments to RMO Capital Requirements

By Manesh Samtani | 26/10/2020

MAS proposes to introduce a direct liquidity requirement for recognised market operators, and to revise downward the solvency requirement.

Market Infrastructure

ISDA Launches IBOR Fallbacks Supplement, Protocol

By Editors | 25/10/2020

The implementation of fallbacks for derivatives will help to mitigate the systemic risk that could occur following the disappearance of LIBOR.

Market Infrastructure

GFXC to Complete FX Global Code Review by Mid-2021

By Manesh Samtani | 23/10/2020

Among the key issues in the FX market has been settlement risk, given the increasing number of trades being settled without PvP protection, says RBA deputy governor Guy Debelle.

Market Infrastructure

GBA Wealth Management Connect to Operate With Quota System

By Manesh Samtani | 22/10/2020

The scheme will be capped at 150 bn yuan in each direction, and an individual quota of 1 mn yuan will be imposed on Greater Bay Area residents.

Market Infrastructure

Japan Lawmakers to Propose Streamlining FSA, BOJ Bank Inspections

By Editors | 22/10/2020

Lawmakers reportedly plan to propose that the FSA and BOJ create a committee to address complaints from FIs concerning an overlap between the two agencies in bank inspections.

Market Infrastructure

UK Consults on Post-Brexit Regulatory Framework for Financial Services

By Editors | 22/10/2020

The consultation proposes a blueprint for the future regulatory framework that more clearly allocates responsibilities between Parliament, HM Treasury and financial services regulators.