MARKET INFRASTRUCTURE

Market Infrastructure

Post Crisis Reform Implementation Has Progressed in 2019: FSB

By Editors | 18/10/2019

Regulators should lead by example to promote the timely, full and consistent implementation of remaining reforms to support a level playing field and avoid regulatory arbitrage, the FSB says.

Market Infrastructure

Singapore Banks Gain Access to China Interbank Bond Market

By Editors | 17/10/2019

The PBOC will allow designated Singapore banks to offer trading and custody services for China’s bond market, starting with DBS.

Market Infrastructure

HKMA, Hong Kong Banks Pledge Leniency for SME Borrowers

By Manesh Samtani | 17/10/2019

Nine major Hong Kong banks have pledged to help SME customers that encounter financial difficulties by adopting accommodative lending policies.

Market Infrastructure

Macau Submits Securities Market Proposal to Chinese Authorities

By Editors | 17/10/2019

A senior Guangdong official who reportedly helped Macau authorities prepare the proposal said he hopes the central government will approve the plan by mid-December.

Capital / Liquidity

Japan, EU to Cooperate on Cross-border Resolution Planning

By Editors | 17/10/2019

Through an exchange of letters, Japan’s FSA and the EU’s SRB have agreed to cooperate to plan for and conduct orderly cross-border resolutions of banks.

AML / KYC

Japan Banks Exit Forex Business Amid AML Cost Concerns

By Editors | 17/10/2019

While smaller banks are exiting the foreign exchange business entirely, larger banks are raising counter service fees for overseas remittances.

Market Infrastructure

Disclosure Can Contribute to Customer Harm: ASIC

By Editors | 17/10/2019

Disclosure can backfire in unexpected and harmful ways and should not be relied upon by itself to drive good consumer outcomes, ASIC says in a joint report with the Dutch regulator.

Fintech / Regtech

Beyond Data Governance: Developing a Data Culture in Asia’s FIs

By Garima Chitkara | 17/10/2019

To create a truly competitive advantage and achieve their commercial goals, Asia’s financial institutions need to integrate strong data culture into their data governance approaches.

Capital / Liquidity

China Further Opens Banking, Insurance Sectors to Foreign FIs

By Editors | 16/10/2019

Effective immediately, foreign financial institutions can establish wholly-owned banks in China, which can be operated alongside foreign bank branches and Sino-foreign joint venture banks.