Market Infrastructure

Market Infrastructure

PBOC Reverses No Interest Policy for Payments Companies – Report

By Editors | 10/01/2020

The PBOC will pay just 0.35% annually on customer money that payments firms hold with the central bank, but the move marks a reversal of an earlier decision to pay no interest.

Market Infrastructure

ESMA Grants LEI Reporting Relief to Non-EU Issuers Under SFTR

By Editors | 09/01/2020

ESMA has granted non-EU issuers of securities and collateral a 12-month grace period before they are required to report LEIs under SFTR.

Fintech / Regtech

UK Financial Regulators Announce Data Reform Proposals

By Editors | 09/01/2020

The FCA has set out a plan to become a ‘highly data-driven regulator’. The BOE has published a discussion paper on transforming data collection.

Market Infrastructure

Japan FSA Grants Client Clearing Licence to HKEX

By Editors | 09/01/2020

HKEX has announced that its central counterparty subsidiary, OTC Clear, has received approval to offer client clearing services to banks in Japan.

Capital / Liquidity

Three Emerging Risk Issues for Banks in Hong Kong

By Simon Topping | 09/01/2020

There are three key areas where Hong Kong regulators are expected to turn up the heat in 2020, says KPMG’s Simon Topping.

Market Infrastructure

CBIRC Issues Guidance on Banking, Insurance Sector Development

By Editors | 08/01/2020

The guidance sets 5-year targets for banks and insurers to improve in areas such as governance, risk management, financial product development and fintech innovation.

Market Infrastructure

RBI Allows Banks to Offer FX Trading Beyond Market Hours

By Editors | 08/01/2020

The move is aimed at improving the ability of market participants to hedge currency risk in the onshore rupee market to boost domestic trading volumes.

Market Infrastructure

ISDA Offers Guidance on Cross-Border Application of Margin Rules

By Editors | 08/01/2020

The guide seeks to help firms subject to margin rules analyse multiple foreign rule sets, identify situations in which different rules apply, and improve understanding on substituted compliance.

Market Infrastructure

SEBI Updates Framework for System Audits of Market Infrastructures

By Editors | 08/01/2020

Stock exchanges, depositories and clearing corporations are required to include compliance with SEBI rules in the scope of their system audits, and to report any non-compliance to the regulator.