MARKET INFRASTRUCTURE

Capital / Liquidity

BSP to Adopt New Supervisory Assessment Framework From July

By Editors | 11/03/2020

The new SAFr – said to be more forward-looking compared to CAMELS – uses a four-point rating scale, focusing on FIs business models and compliance systems’ ability to mitigate risk.

Fintech / Regtech

Outsourcing Requirements for Hong Kong Banks: An Overview

By Philip Keller | 10/03/2020

Industry veteran Philip Keller outlines outsourcing requirements for banks in Hong Kong, with a focus on data, a major area of concern in relation to outsourced activities.

Market Infrastructure

Taiwan to Launch New Credit Reporting Platform at End-March

By Editors | 09/03/2020

The TWSE says the new platform will enhance risk management for securities firms and banks, which currently use different platforms to perform credit checks.

Market Infrastructure

Standard Chartered-backed Virtual Bank to Launch Later This Year

By Editors | 09/03/2020

Standard Chartered, PCCW, HKT and Trip.com will launch ‘Mox Bank’ later this year, introducing an all-in-one numberless bank card.

Market Infrastructure

HKMA Invites Tenders to Enhance Payments, Securities Infrastructures

By Editors | 09/03/2020

The HKMA is inviting tenders to provide consultancy services to help enhance its core financial market infrastructures, particularly in the areas of payments and securities.

Big Picture

IIF Calls for Global Alignment of Sustainability Efforts

By Editors | 06/03/2020

The IIF paper says fragmentation around climate risk assessment has emerged in the areas of prudential regulation and supervision, market and conduct regulation, taxonomy and disclosure.

Market Infrastructure

HK Entities of Chinese Groups Get Relief from CbC Filing Obligation

By Editors | 05/03/2020

Mainland China and Hong Kong have entered into an arrangement for the automatic exchange of country-by-country reports, a welcoming development according to KPMG.

Market Infrastructure

Australia: FAR Extension Out of Step with Royal Commission Proposals

By Editors | 05/03/2020

The proposed extension of the Financial Accountability Regime to ASIC-regulated firms could potentially affect 53,000 small businesses, says former ASIC official Pamela Hanrahan.

Market Infrastructure

Central Banks Act to Mitigate Covid-19 Economic Threat

By Editors | 04/03/2020

The HKMA has responded to the US rate cut with a cut of its own. The RBA and BNM have also cut their key policy rates, while the BOJ focuses on asset purchases.