Market Infrastructure

Market Infrastructure

FSC Korea Targets ASEAN Expansion in Financial Hub Plan

By Editors | 18/05/2020

A new three-year plan to establish Korea as a financial hub involves regulatory reforms to promote innovation, enhance domestic infrastructure, and build its ASEAN presence.

Market Infrastructure

BOK Asks FIs to Get Ready for LIBOR Roadmap Release

By Editors | 18/05/2020

A subgroup of the Benchmark Rate Reform Task Force is in the process of drafting a LIBOR transition roadmap to ensure that Korean FIs can use alternative rates starting from 2022.

Market Infrastructure

EU Banking Bodies Request Delay of T2-T2S Consolidation Project

By Manesh Samtani | 17/05/2020

The associations have cited impacts from Covid-19 and SWIFT’s decisions to delay ISO 20022 migration for cross-border payments as the primary reasons for the requested delay.

Market Infrastructure

CCP Margin Models May Need Fine-tuning: BIS Paper

By Editors | 15/05/2020

Some CCP margin models underestimate market volatility because they rely on a short period of historical price movements from tranquil times, the paper says.

Market Infrastructure

China Issues Guidelines on Greater Bay Opening Up

By Editors | 15/05/2020

The PBOC will pilot cross-border PE and VC investments and explore the establishment of a futures exchange in Guangzhou and an international commercial bank to serve Greater Bay Area.

Market Infrastructure

China Admits Fitch Subsidiary into Onshore Credit Rating Market

By Editors | 15/05/2020

China had committed to removing restrictions on US credit rating agencies entering its markets under the trade agreement with the US in January.

Big Picture

BIS Calls for Global Cooperation to Mitigate ‘Green Swan’ Risks

By Manesh Samtani | 14/05/2020

More global coordination is needed to foster change in methodologies and mindsets to deal with global green swan risks, says a new BIS paper.

Market Infrastructure

QFII, RQFII Quota Removal Unlikely to Trigger Big Inflows

By AsianInvestor | 14/05/2020

China has scrapped the quota of its two leading inbound investment programmes, but the move appears unlikely to give its onshore capital markets a shot in the arm.

Market Infrastructure

RBNZ Announces Expansion of Asset Purchase Programme

By Editors | 14/05/2020

The RBNZ’s bond-buying programme will be capped at NZ$60bn, up from the NZ$33bn announced in March. Government inflation-indexed bonds are also now included.