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Market Infrastructure
US State Dept Declares Hong Kong No Longer Autonomous
By Manesh Samtani | 27/05/2020
The move puts at risk the special status under US law Hong Kong has enjoyed since 1992, jeopardising billions of dollars worth of trade and investment.
Market Infrastructure
NGFS Publishes Climate Risk Best Practices of Supervisors, Banks
By Editors | 27/05/2020
Most banks have undertaken an operational commitment towards greening their balance sheets, consider their actions to be part of their corporate social responsibility or risk mitigation measures.
Big Picture
Higher Skin-in-the-game Linked to Lower CCP Model Risk
By Editors | 27/05/2020
A new BIS paper finds that a higher amount of CCP skin-in-the-game is associated with more careful risk modelling and less frequent margin breaches.
Market Infrastructure
China to Revise Central Bank Law This Year
By Editors | 27/05/2020
The revisions will likely expand the PBOC’s statutory responsibilities to include macro-prudential management, financial risk oversight, financial infrastructure and financial holding companies.
Capital / Liquidity
PBOC Governor Pledges Additional Measures to Support SMEs, Banks
By Editors | 26/05/2020
The PBOC plans to further extend SME loan repayment deferrals to 31 March 2021, further drive down real interest rates, and bolster support for banks.
AML / KYC
India to Tighten KYC Rules for Hong Kong, China FPIs
By Manesh Samtani | 26/05/2020
Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
Market Infrastructure
RBA Invites Tenders for Transaction Processing and Settlement System
By Editors | 26/05/2020
The new system should be able to process SWIFT FIN messaging under ISO 20022 as well as the existing SWIFT MT throughout a three-year coexistence period.
Market Infrastructure
S. Korea Enhances PayInfo Service to Boost Consumer Convenience
By Editors | 25/05/2020
The updated system will allow account customers to switch their monthly automatic payments between first- and second-tier financial firms for handling.
Market Infrastructure
CSRC Urges US to Avoid Politicising Securities Regulation
By Editors | 25/05/2020
The CSRC has responded to a US bill that could subject the 233 Chinese companies listed in the US to PCAOB oversight in their audits, or delisting for noncompliance.
Market Infrastructure
More Protectionist Regulatory Intervention on the Cards, Experts Warn
By Daniel Flatt | 25/05/2020
The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.
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