Market Infrastructure

Market Infrastructure

RBI Chief Calls for Smooth Transition from LIBOR

By Sanday Chongo Kabange | 02/12/2020

Achieving a smooth transition from LIBOR will require “significant efforts” from all stakeholders, RBI governor Shaktikanta Das said.

Market Infrastructure

MAS Revises Anti-commingling Framework For Banks

By Manesh Samtani | 02/12/2020

MAS has prescribed a list of permissible non-financial businesses to ensure banks are not engaging in “high-risk non-financial business that do not bring strategic value to its core banking business”.

AML / KYC

FATF Consults on AML/CTF Frictions in Cross-border Payments

By Editors | 01/12/2020

The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.

Market Infrastructure

Some USD LIBOR Settings May Continue Past End-2021

By Manesh Samtani | 01/12/2020

ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.

ESG / Sustainability

Singapore Banks Get New Best Practice Code for Commodity Financing

By Editors | 01/12/2020

The Code was developed by an industry working group of 28 commodity financing banks in consultation with trading firms and with the support of regulators.

Fintech / Regtech

Lack of Electronic Solutions Hindering Capital Market Access: ASIFMA

By Editors | 30/11/2020

The report calls on government and regulators to facilitate greater use of e-signatures, virtual meetings, and other electronic solutions in Hong Kong and Singapore capital markets.

Fintech / Regtech

Singapore E-wallets to Gain Direct Access to FAST, PayNow

By Manesh Samtani | 30/11/2020

Consumers will be able to top-up their e-wallets directly through their bank accounts, rather than using a debit or credit card. Fund transfers between e-wallets will also be made possible.

Market Infrastructure

ASIC Issues Guidance on Managing LIBOR-related Conduct Risk

By Editors | 30/11/2020

The new guidance is aimed at assisting entities in establishing necessary arrangements to mitigate conduct risk associated with the discontinuation of LIBOR.

Securities / Derivatives

Japan FSA Orders JPX, TSE to Improve Following Market Outage

By Editors | 30/11/2020

TSE President and CEO Koichiro Miyahara has resigned to take responsibility for a system failure that caused a full-day market closure in October.