MARKET INFRASTRUCTURE

Securities / Derivatives

NZX Subsidiary to Assume Frontline Regulatory Functions

By Editors | 01/04/2020

The new subsidiary will be structurally separate from NZX’s commercial and operational activities and governed by a largely independent board.

Market Infrastructure

SEBI Asks Rating Agencies to Delay Default Recognition

By Editors | 31/03/2020

Market participants call SEBI’s move timely, amid fears of mass downgrades in light of the operational disruptions caused by Covid-19.

Market Infrastructure

Xiaomi-backed Virtual Bank Launches Hong Kong Pilot

By Editors | 31/03/2020

The pilot will allow 2,000 friends and relatives of Airstar, Xiaomi and AMTD Group employees to trial new virtual banking services under the HKMA’s sandbox.

Market Infrastructure

Fed Establishes Repo Facility to Ease USD Funding Stress

By Editors | 31/03/2020

Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.

Market Infrastructure

India: State Bank Merger Plan Takes Effect on 1 April

By Editors | 31/03/2020

A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.

Market Infrastructure

MAS Eases SGD Policy Amid Negative Growth Expectations

By Editors | 30/03/2020

MAS projects the ongoing wave of Covid-19 outbreaks will continue to dampen global growth beyond the first half of the year.

Big Picture

Central Banks Must Target Global Supply Chains: Carstens

By Editors | 30/03/2020

Central banks need to channel their US dollar liquidity towards preventing global supply chains from unravelling, says BIS general manager Agustín Carstens.

Market Infrastructure

BOK to Provide Banks $12b in USD Funding This Week

By Editors | 30/03/2020

The move is expected to help stabilise US dollar funding markets,  after the BOK signed a $60bn currency swap agreement with the US Federal Reserve earlier this month.

Market Infrastructure

A New Structure for Private Equity Funds in Hong Kong

By Su Cheen Chuah | 28/03/2020

The Limited Partnership Fund Bill will be seen by PE industry stakeholders as a positive step towards bringing Hong Kong’s active PE market onshore, says international law firm Deacons.