Market Infrastructure

Market Infrastructure

European Commission Launches MiFID II Review

By Editors | 20/02/2020

The introduction of a consolidated tape and enhancements to investor protection are high priority items in the review.

Market Infrastructure

India Cabinet Approves SEBI-FCA Updated AIFMD MoU

By Editors | 20/02/2020

The updated MoU substitutes references to EU legislation with the relevant UK law, pursuant to the UK’s exit from the EU on 31 January.

Fintech / Regtech

Thailand, Cambodia Launch Cross-Border QR Payments

By Editors | 20/02/2020

New payments connectivity between the two countries is expected to promote trade, tourism, financial inclusion, and the usage of local currencies in cross-border transactions.

Big Picture

OECD Warns of Global Debt Pileup from Corporate Bonds

By Editors | 19/02/2020

High leverage in the corporate sector make it essential to improve the ability of equity markets to strengthen corporate balance sheets and support long-term investments.

Market Infrastructure

New Zealand Takes Step Towards New Financial Conduct Regime

By Editors | 19/02/2020

New legislation to establish an effective fair conduct regime for the financial sector has passed its first reading in New Zealand.

Market Infrastructure

ESMA Seeks BMR Exemptions for Noncritical, Third-country Benchmarks

By Manesh Samtani | 18/02/2020

ESMA says BMR’s wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.

Big Picture

CCP12 Highlights Remaining Transparency Issues in OTC Derivatives

By Editors | 17/02/2020

A new CCP12 paper highlights a lack of transparency in the amount of collateral posted in bilateral markets, which is needed to more accurately assess liquidity requirements and latent risks.

Market Infrastructure

Hong Kong Bankers Compare Covid-19 to ‘Nightmare’ Stress Test

By Editors | 17/02/2020

The actions being taken to combat the novel coronavirus are reportedly “very close” to those taken in a simulated exercise last October, which involved a pandemic, cyberattack and telecoms breakdown.

Market Infrastructure

MAS Issues Guidance on Investment Suitability, Pricing in Private Banking

By Editors | 17/02/2020

MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.