MARKET INFRASTRUCTURE

Market Infrastructure

FSB, IMF Report Progress on G20 Data Gaps Initiative

By Editors | 14/10/2019

The report notes that China is one of the countries that has outstanding issues with removing barriers to full trade reporting and access to trade repository data.

Big Picture

China, Indonesia Lead Emerging Markets in Sustainable Banking

By Manesh Samtani | 14/10/2019

China and Indonesia have demonstrated pioneering policy actions and regulatory initiatives, resulting in changing practices at financial institutions, the Sustainable Banking Network says.

Market Infrastructure

BOJ Deputy Governor Calls for Collective Action on LIBOR Transition

By Manesh Samtani | 13/10/2019

LIBOR’s permanent discontinuation will be one of the “most significant events in global financial history”, BOJ deputy governor Masayoshi Amamiya said at ASIFMA’s Annual Conference.

Fintech / Regtech

Maybank to Enable Real-time Payments for Cambodia, Malaysia

By Editors | 12/10/2019

Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.

Market Infrastructure

Shenzhen, Swiss Bourses Sign Memorandum of Understanding

By Editors | 12/10/2019

The initiative will be used to share know-how, expand client networks, and explore cross-border financing alternatives and cooperation in research projects.

AML / KYC

Stock Connect to Launch Southbound Investor ID Regime “Soon”

By Editors | 12/10/2019

The launch of the investor identification regime for southbound trading will mark the first time mainland investors will have their personal information shared with Hong Kong’s regulator.

Market Infrastructure

Sri Lanka Finalises Personal Data Protection Bill

By Editors | 12/10/2019

The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.

Securities / Derivatives

CSRC Sets Key Dates for Cancelling Foreign Ownership Limits

By Editors | 11/10/2019

The foreign ownership limit will be cancelled next year for futures companies, fund managers and securities firms from 1 January, 1 April and 1 December, respectively.

Market Infrastructure

CBIRC Orders Self-Inspections to Correct Consumer Harm

By Editors | 11/10/2019

Banks and insurance companies are required to carry out self-inspections to detect and correct practices that infringe on the rights of consumers by 30 November.