MARKET INFRASTRUCTURE

Market Infrastructure

Australia: Smaller Institutions, Buy Side Less Prepared for Libor Cessation

By Manesh Samtani | 24/10/2019

Existing Libor-referencing contracts that don’t have robust fallback provisions in place will be tied up in very lengthy disputes, warned the RBA’s Christopher Kent at ISDA’s Australia Conference.

Market Infrastructure

Philippines to Adopt QR Codes for Payments Nationally

By Editors | 24/10/2019

Once the national QR code standard is established, bank and non-bank payment providers will have 30 days for adoption. Those already offering QR-enabled payments will have until mid-2020.

Capital / Liquidity

The Supervisory Answer to Hong Kong’s Worsening Economic Performance

By Pierre Latrobe | 22/10/2019

Pierre Latrobe at Mazars discusses the measures the HKMA has taken so far to strengthen its macroprudential supervisory toolkit and address potential risks to the wider financial system.

Market Infrastructure

SEBI’s Final Rules for Resigning Auditors Take Effect

By Editors | 22/10/2019

Auditors proposing to resign must first report all of the issues that may be hindering the audit process to the audit committee of the listed company.

Market Infrastructure

MAS, CBIRC Enhance Cross-Border Supervisory Cooperation

By Editors | 22/10/2019

The MOU will enhance supervisory cooperation and facilitate information exchange between the two regulators in the areas of banking and insurance supervision and crisis management.

Market Infrastructure

ISDA Publishes Final Results of IBOR Pre-Cessation Consultation

By Manesh Samtani | 22/10/2019

The consultation did not yield a consensus among market participants regarding how to address pre-cessation issues related to a benchmark’s nonrepresentativeness.

Market Infrastructure

ASIC, ESMA Sign MOU to Cooperate on Benchmarks

By Editors | 22/10/2019

The MoU sets out cooperation arrangements to complement the EU’s July equivalence decision, as well as to ensure effective information exchange and supervisory coordination.

Capital / Liquidity

BCBS Releases 17th Progress Report on Basel III Adoption

By Editors | 21/10/2019

Since the previous report, member jurisdictions have made the most progress in adopting the NSFR, IRRBB, and large exposures framework.

Market Infrastructure

AMAC Warns of Concentration Risk in China Funds Industry

By Editors | 21/10/2019

Over 20,000 private fund managers registered with AMAC are controlled by fewer than 2,000 people, prompting concerns of excessive concentration in the industry.