Market Infrastructure

Market Infrastructure

CPMI, IOSCO Share Lessons of Supervisory Cooperation on Market Infrastructures

By Editors | 12/12/2019

Among the key features of successful cooperative arrangements are strong, trusted relationships between authorities and a willingness to exchange information.

Market Infrastructure

China Issues Revised Trading Rules for Interbank FX Market

By Editors | 12/12/2019

The rules are intended for both domestic and foreign institutions, in line with recent draft rules from SAFE that sought to allow foreign firms to trade RMB foreign exchange derivatives.

Market Infrastructure

CBIRC Offers Update on Banking, Insurance Opening-Up

By Editors | 12/12/2019

From January to October, the CBIRC has approved over 30 applications from foreign firms looking to either establish operations or commence business in China.

Capital / Liquidity

HKMA Defends Against Rumours of Hong Kong Stability Risks

By Manesh Samtani | 12/12/2019

The HKMA has not seen any large-scale outflow of funds from Hong Kong and the banking system had sufficient capital and liquidity to withstand any impact.

AML / KYC

RBA Underlines High Cost of Cross-Border Transfers via Big Banks

By Editors | 11/12/2019

The average mark-up over the wholesale exchange rate is around 5.5% for the major banks, versus about 1% for the digital money transfer services, said RBA governor Philip Lowe.

Market Infrastructure

RBI to Make NEFT System Available 24×7

By Editors | 11/12/2019

From 16 December, the NEFT system will be available on a 24/7 basis, including on holidays with batch settlement every half hour.

Big Picture

No Immediate Financial Stability Risks from Cloud Services: FSB

By Manesh Samtani | 10/12/2019

While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.

Big Picture

BigTechs Could Raise Issues for Policymakers: FSB

By Manesh Samtani | 10/12/2019

BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.

Market Infrastructure

Data Privacy in Asia Pacific: A Fragmented Landscape

By Sarah Pearce | 10/12/2019

Asia’s data privacy frameworks remain highly fragmented. But companies cannot be complacent about more onerous laws in other jurisdictions, says Sarah Pearce at international law firm Paul Hastings.