MARKET INFRASTRUCTURE

Market Infrastructure

Thailand Banking Sector Resilient to Severe Shocks: IMF

By Editors | 10/10/2019

Stress tests results and sensitivity analysis indicate that Thailand’s largest banks can withstand a shock broadly “as severe as the Asian financial crisis”.

Securities / Derivatives

Governance of OTC Derivatives Data Elements Finalised

By Editors | 10/10/2019

The FSB has now published the final governance arrangements for both the UTI and UPI, while CPMI-IOSCO has published the same for the other critical data elements.

Capital / Liquidity

Volcker Rule Rewrite Gets Final Approval After Fed Sign-off

By Editors | 10/10/2019

The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.

Fintech / Regtech

Innovation Hubs Are More Effective Than Sandboxes

By Manesh Samtani | 10/10/2019

Innovation hubs provide all the benefits associated with regulatory sandboxes, while avoiding most of the downsides, says a new paper from UNSW Law.

Fintech / Regtech

From Data Governance to Data Culture: BCBS 239 and Beyond

By Garima Chitkara | 10/10/2019

Asian firms need to look beyond regulatory compliance with respect to data to ensure the most effective use of their data resources.

Market Infrastructure

China-Japan ETF Connect Slow to Gain Traction

By Editors | 09/10/2019

Assets in the cross-border feeder ETFs have dropped in the three months since the scheme was launched, by more than two-thirds in the case of the Japan-invested assets.

Capital / Liquidity

ISDA Chief Calls for Specific Changes to CVA Framework

By Editors | 09/10/2019

The current CVA rules due for implementation in January 2022 could lead to an inappropriately sharp increase in capital requirements for derivatives businesses.

Market Infrastructure

Japan Hosts First-ever TCFD Summit

By Editors | 09/10/2019

Speaking at the Summit, BOE governor Mark Carney lauded Japan’s support for the TCFD, but said more needs to be done globally to enhance climate-related financial disclosures.

Market Infrastructure

HKEX Abandons Pursuit of London Stock Exchange Merger

By Editors | 08/10/2019

HKEX says the merger is still strategically compelling but it has not been able to engage with LSEG’s management in realising its vision.