Market Infrastructure

    Fintech / Regtech

    In-Depth: Making Sense of Digital Bank Policy

    By Jamie Lloyd Evans | 07/04/2020

    Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

    Enforcement

    US Court Reverses 2017 Dismissal of Rate Rigging Suit Against Banks

    By Editors | 07/04/2020

    The decision effectively revives a suit by a group of investment funds against major banks over their alleged manipulation of yen LIBOR and euroyen TIBOR between 2006 and 2011.

    Market Infrastructure

    RBI Reduces Market Hours to Curb Volatility

    By Editors | 06/04/2020

    During India’s lockdown, currency, bond and money markets will operate for only 4 hours. SEBI has also brought forward the cut-off times for the mutual fund industry.

    Market Infrastructure

    Japan Lacks Consensus on LIBOR Replacement – Report

    By Editors | 05/04/2020

    About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.

    Market Infrastructure

    Australia Tightens Foreign Investment Rules, Citing National Interest

    By Editors | 02/04/2020

    Federal approval is now required for all proposed foreign investments regardless of value or the nature of the foreign investors.

    Capital / Liquidity

    China: State Council to Bolster Financial Support for SMEs

    By Editors | 01/04/2020

    The new measures will include another RRR cut, $141bn in re-lending and re-discounting quotas, and new bond issuances to exclusively support SME loans.

    Market Infrastructure

    Bursa Malaysia Implements ISO 20022 for Corporate Announcements

    By Editors | 01/04/2020

    The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.

    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.

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