MARKET INFRASTRUCTURE

Fintech / Regtech

HKMA Stresses Consumer Protection Ahead of Open Banking Phase II

By Editors | 30/10/2019

The HKMA outlines its expectations for the consumer protection practices financial institutions should adopt for Open API Phase II and beyond.

AML / KYC

LEI Use in Onboarding Could Save Banks Up to $4bn Annually

By Editors | 30/10/2019

In addition to cost savings, LEI use in client onboarding would speed up time to revenue, improve compliance and credit risk mitigation, and enable better tracking of suspicious entities.

Market Infrastructure

APRA to Delay Launch of New Data Collection Solution

By Editors | 29/10/2019

APRA is reviewing its implementation approach due to the complexity and significant burden of migrating all existing collections to the new solution.

Market Infrastructure

A Liquid Global Swaps Market Relies on Deference: CFTC’s Quintenz

By Manesh Samtani | 29/10/2019

Market fragmentation poses serious risks to the liquidity and health of the derivatives markets, said CFTC commissioner Brian Quintenz at the ISDA Annual Japan Conference.

Market Infrastructure

Trade Woes Prompt Easing of China’s Forex Rules

By Editors | 28/10/2019

SAFE will ease controls on equity investment from non-investment foreign firms, among 12 measures to help draw overseas funds into the domestic market and facilitate cross-border trade.

Market Infrastructure

New Zealand Delays Start of New Licensing Regime

By Editors | 27/10/2019

The start date is being delayed to coincide with the date new regulations needed for transitional licensing take effect.

Market Infrastructure

BOT Solicits Comments on Draft ‘Thailand FX Code’

By Editors | 27/10/2019

The BOT invites wholesale FX market participants to comment on a draft ‘Thailand FX Code’ by 25 November.

Market Infrastructure

BOJ Warns of Financial Risks from Easy Lending, CLO Exposures

By Manesh Samtani | 25/10/2019

The BOJ warns of a buildup of risks from lending to “low-return borrowers”, delayed loan restructuring, and overseas exposures to leveraged loans and CLOs.

Market Infrastructure

Regulatory Data: Arrows for the Quiver?

By Hannah Cassidy | 25/10/2019

Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.