Market Infrastructure

Big Picture

FMSB Offers Guidance on LIBOR Transition Conduct Risks

By Editors | 11/06/2020

Uncertainties associated with the transition may make it harder for firms to identify how to treat their customers fairly, and to demonstrate that they have done so, the FMSB says.

Market Infrastructure

High-Level Forum Charts Course to Achieve EU Capital Markets Union

By Editors | 11/06/2020

In a new report, the EU’s High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.

Market Infrastructure

China to Develop Hainan Province into Global Free Trade Port

By Editors | 09/06/2020

The first phase of the plan will focus on liberalising trade and cross-border investment, starting with the launch of QDLP and QFLP pilot programmes.

Market Infrastructure

BNY, Deutsche to Set Up FX Trading Infrastructure in Singapore

By Editors | 08/06/2020

Seven major firms have already set up FX pricing and matching engines in Singapore, the result of a MAS initiative to lower routing latencies in the city-state.

AML / KYC

Typhoon Trump: Hong Kong Braces for US Sanctions

By Nick Turner | 08/06/2020

Nick Turner at Steptoe & Johnson discusses how sanctions could be imposed against Hong Kong. While current signs point to a limited US response, it’s best to be prepared.

Market Infrastructure

Australia Considers Consolidation of Payment Infrastructures

By Editors | 08/06/2020

An industry committee has been set up to explore the benefits of a consolidating the NPP, BPAY and eftpos – […]

Market Infrastructure

Chinese Regulators Respond to US Threat Against Hong Kong

By Manesh Samtani | 08/06/2020

The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.

AML / KYC

MAS Issues Consultation Response on FRC Framework

By Editors | 07/06/2020

Regulated entities will no longer need to seek MAS approval prior to commencing business arrangements with foreign related corporations; a 14-day ex-post notification will instead be required.

Market Infrastructure

Australia to Further Tighten Foreign Investment Approval Process

By Manesh Samtani | 07/06/2020

Under the new regime, a new “last resort power” will allow the Treasurer to force divestment on national security grounds even after approval is granted.