MARKET INFRASTRUCTURE

Market Infrastructure

APRA’s New Approach to Managing Non-Financial Risks

By Editors | 20/11/2019

APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.

Market Infrastructure

Australia Consults on Financial Market Infrastructure Regulatory Reforms

By Editors | 19/11/2019

The proposed reforms will enhance the licensing and supervisory regime for financial market infrastructures and introduce a resolution regime for clearing and settlement facilities.

Market Infrastructure

CBIRC Grants Allianz Approval to Commence Operation in China

By Editors | 19/11/2019

The approval makes Shanghai-based Allianz (China) Insurance Holding Company Limited the first fully foreign-owned insurance holding company to operate in China.

Market Infrastructure

Auditor Independence Still an Issue for Audit Quality: FMA

By Editors | 18/11/2019

The key issues identified in the FMA’s Audit Quality Report 2019 related to auditor independence, related party transactions, accounting estimates, and auditor response to fraud risk.

Fintech / Regtech

ASX Consults on Tranche 1 Rule Changes for CHESS Replacement

By Editors | 18/11/2019

ASX is consulting on the first of three tranches of operating rule amendments required to facilitate the implementation of the CHESS replacement system in April 2021.

Market Infrastructure

ISDA Publishes Consultation Results on Benchmark Fallback Parameters

By Editors | 18/11/2019

The majority preferred a historical median spread adjustment with a five year lookback period, and a two-banking-day backward shift adjustment for the compounded setting in arrears rate.

Enforcement

Fostering Customer Trust in the Financial Industry: MAS

By Editors | 18/11/2019

Regulators and FIs alike have an important part to play to build trust in the financial industry, MAS deputy managing director Ong Chong Tee said in a speech on Saturday.

Market Infrastructure

China Eases Foreign Access to Interbank FX Derivatives for Hedging

By Editors | 18/11/2019

Under draft measures from SAFE, foreign institutional investors may participate in interbank FX derivatives to manage foreign exchange risk arising from interbank bond investments.

Capital / Liquidity

FSB Prioritises CCP Resilience, Resolvability in Policy Work

By Editors | 15/11/2019

The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.