Market Infrastructure

Market Infrastructure

GFXC to Complete FX Global Code Review by Mid-2021

By Manesh Samtani | 23/10/2020

Among the key issues in the FX market has been settlement risk, given the increasing number of trades being settled without PvP protection, says RBA deputy governor Guy Debelle.

Market Infrastructure

GBA Wealth Management Connect to Operate With Quota System

By Manesh Samtani | 22/10/2020

The scheme will be capped at 150 bn yuan in each direction, and an individual quota of 1 mn yuan will be imposed on Greater Bay Area residents.

Market Infrastructure

Japan Lawmakers to Propose Streamlining FSA, BOJ Bank Inspections

By Editors | 22/10/2020

Lawmakers reportedly plan to propose that the FSA and BOJ create a committee to address complaints from FIs concerning an overlap between the two agencies in bank inspections.

Market Infrastructure

UK Consults on Post-Brexit Regulatory Framework for Financial Services

By Editors | 22/10/2020

The consultation proposes a blueprint for the future regulatory framework that more clearly allocates responsibilities between Parliament, HM Treasury and financial services regulators.

Market Infrastructure

HKMA Asks FIs to Protect Customer Interests in LIBOR Switch

By Manesh Samtani | 21/10/2020

Banks are expected to develop robust education and outreach programmes to help customers make informed decisions when assessing the options available in the transition.

Market Infrastructure

SEBI to Promote Greater Access to Securities Market Data

By Editors | 21/10/2020

The committee will identify gaps in the public availability of securities market data and recommend regulations to promote transparency, access and useability of such data.

Market Infrastructure

FSTB to Introduce ‘Corporate Rescue’ Bill for LegCo Deliberation

By Sanday Chongo Kabange | 21/10/2020

The FSTB also plans to introduce bills to provide targeted tax relief for private equity funds, enable a paperless securities market in Hong Kong, and progress work on the new eMPF platform.

Market Infrastructure

MAS, IBF Take Steps to Prevent Financial Sector Job Losses

By Editors | 20/10/2020

IBF will run surveys every six months to obtain data about job losses at FIs to offer their staff reskilling support and possible redeployments in the industry.

Capital / Liquidity

BCBS Task Force Outlines Progress on Climate Risk Initiatives

By Shruti Khairnar | 20/10/2020

Kevin Stiroh, Co-chair of the Task Force on Climate-related Financial Risks, highlighted the importance of globally concerted efforts and information sharing.