Market Infrastructure

Market Infrastructure

MAS Awards StanChart Special Privileges for ‘Significant Rootedness’

By Manesh Samtani | 04/08/2020

The regulator also has plans to allow certain banks that are significantly rooted in Singapore to obtain full bank licences and set up digital-only subsidiaries.

Market Infrastructure

IMF Publishes New Transparency Code for Central Banks

By Editors | 03/08/2020

The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.

Big Picture

Credit Stress Tests Critical to Safeguarding CCPs

By Editors | 03/08/2020

Stress testing is a crucial tool within a CCP’s toolbox for ensuring the stability, safety, and resilience of the financial market, says a new paper from CCP12.

Fintech / Regtech

HKMA, BIS Innovation Lab Seek Solutions in Trade Finance

By Editors | 03/08/2020

Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.

Market Infrastructure

Australia Consults on Reforms to Foreign Investment Framework

By Editors | 03/08/2020

Foreign investors will face national security checks regardless of the value of their investments, subject to enhanced monitoring, investigative and enforcement powers of the Treasury.

Fintech / Regtech

PBOC Pushes for Antitrust Probe into Alipay, WeChat Pay

By Editors | 03/08/2020

The State Council’s antitrust committee has reportedly been collecting information on the two payments giants for over a month but has not yet decided whether to launch a probe.

ESG / Sustainability

Culture Audits: Removing the Blindfold

By Stephen Scott | 03/08/2020

To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.

Market Infrastructure

SC Orders Bursa Malaysia to Conduct Full Systems Review

By Sanday Chongo Kabange | 02/08/2020

The Securities Commission has ordered Bursa Malaysia to conduct a thorough systems review, after a glitch forced a trading halt in mid-July.

Securities / Derivatives

Trade Bodies Jointly Commit to Tackling Market Inefficiencies

By Manesh Samtani | 30/07/2020

The inefficiencies result from a prevalence of customised, paper-based legal documentation, a lack of data standards, and inconsistent reporting requirements.