Market Infrastructure

Market Infrastructure

BOJ, FSA Publish Findings on LIBOR Transition Progress

By Editors | 15/03/2020

About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but “very few” contracts incorporate fallback provisions.

Market Infrastructure

SAFE Raises Upper Limit for Firms Borrowing Overseas

By Editors | 13/03/2020

The move will increase the funding channels available to SMEs, ease their financing difficulties and help them more quickly resume normal operations, SAFE says.

Market Infrastructure

Eurex Approved to Offer Clearing Services in Japan

By Editors | 12/03/2020

The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.

Market Infrastructure

APRA’s New Data Collection Solution to Go Live in Six Months

By Editors | 12/03/2020

The revised timeline follows APRA’s decision in October to explore alternative implementation approaches for the new solution, which will be known as ‘APRA Connect’.

Market Infrastructure

PBOC, CSRC Pledge to Enhance Bond Market Functioning

By Editors | 12/03/2020

The regulators will work to optimise the bond issuance management system, promote bond product innovation, and enhance the policy environment for private enterprises.

Enforcement

SFC Considers Easing Data Storage Rules – Report

By Editors | 11/03/2020

Industry bodies are reportedly working with the SFC to clarify the rules and make compliance easier, though it is unclear what specific steps it will take to ease the requirements.

Market Infrastructure

ASIC Finalises New Licensing Framework for Foreign Firms

By Editors | 11/03/2020

The framework introduces a new ‘foreign AFS’ licensing regime, and licensing relief for foreign fund managers seeking to induce investment from certain professional investors such as super funds.

Capital / Liquidity

BSP to Adopt New Supervisory Assessment Framework From July

By Editors | 11/03/2020

The new SAFr – said to be more forward-looking compared to CAMELS – uses a four-point rating scale, focusing on FIs business models and compliance systems’ ability to mitigate risk.

Fintech / Regtech

Outsourcing Requirements for Hong Kong Banks: An Overview

By Philip Keller | 10/03/2020

Industry veteran Philip Keller outlines outsourcing requirements for banks in Hong Kong, with a focus on data, a major area of concern in relation to outsourced activities.