Market Infrastructure

Market Infrastructure

APAC Firms Lag in IBOR Transition Preparation – Report

By Manesh Samtani | 05/08/2020

Apart from G-SIBs operation in the region, APAC firms are not prepared for the transition away from IBORs, according to a new report from Sia Partners.

Market Infrastructure

HKMA Defers Trade Facility Repayments by a Further 90 Days

By Editors | 05/08/2020

Banks have agreed to allow corporate customers who still face cash-flow pressures to further extend their trade facilities for a further 90 days, on top of the 90 days granted from May.

Big Picture

Regulatory Fragmentation in Markets Undermines Economic Recovery

By Manesh Samtani | 05/08/2020

Fragmentation introduces distortions and inefficiencies, undermining financing when it is needed to facilitate the recovery from Covid-19, ASIFMA says in a new report.

Market Infrastructure

Japan Amends Rules to Lure Hong Kong Fund Managers

By Sanday Chongo Kabange | 05/08/2020

A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.

Market Infrastructure

CSRC Consults on Enhanced Rules for Fund Managers

By Lucy Zhang | 04/08/2020

The changes are aimed at promoting the high-quality development of the public fund industry so that it can better serve the real economy.

AML / KYC

Interpol Reveals ‘Alarming Rate’ of Cyberattacks During Covid-19

By Editors | 04/08/2020

Interpol warns that a further increase in cybercrime is highly likely in the near future, citing vulnerabilities related to working from home.

Fintech / Regtech

DBS, Tax Department Collaborate to Digitalise Payments

By Editors | 04/08/2020

IRAS now offers PayNow QR as a payment option for individual income tax, corporate income tax, property tax and goods and services tax.

Market Infrastructure

MAS Awards StanChart Special Privileges for ‘Significant Rootedness’

By Manesh Samtani | 04/08/2020

The regulator also has plans to allow certain banks that are significantly rooted in Singapore to obtain full bank licences and set up digital-only subsidiaries.

Market Infrastructure

IMF Publishes New Transparency Code for Central Banks

By Editors | 03/08/2020

The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.