Market Infrastructure

Market Infrastructure

ISDA Chief Calls for Certainty on China Close-out Netting

By Manesh Samtani | 16/01/2020

The lack of legal certainty and judicial recognition on close-out netting can impede capital market development in China, impacting domestic FIs the most, ISDA’s Scott O’Malia said.

Market Infrastructure

Malaysia to Boost Digital Payments with $110m Giveaway

By Editors | 15/01/2020

Every Malaysian aged 18 years and above, and earning less than 100,000 ringgit a year, is eligible to receive a one-off 30 ringgit through one of three e-wallet companies.

ESG / Sustainability

Singapore Launches New VCC Framework for Funds

By Manesh Samtani | 15/01/2020

To mark the launch, 20 investment funds have established or re-redomiciled in Singapore as VCCs. To encourage adoption, MAS will fund up to 70% of eligible expenses to set up a VCC.

Market Infrastructure

US Finalises Rules Expanding Foreign Investment Review Process

By Editors | 15/01/2020

Foreign investors will be subject to the CFIUS national security review process even for deals to take a non-controlling interest in certain US companies.

Market Infrastructure

IMF Calls for Global Response to Address Cybersecurity Threat

By Editors | 15/01/2020

To reap the benefits of new technologies to develop markets and expand financial inclusion, the security of information and communications technologies must be ensured.

Fintech / Regtech

RBI Amends Penalties Framework for Payments System Operators

By Editors | 14/01/2020

The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.

Market Infrastructure

Thailand Developing Foundation for Digital Banking – Report

By Editors | 14/01/2020

The efforts are aimed at developing data from non-financial sources, an electronic identification system, and a suitable regulatory framework.

Market Infrastructure

Malaysia Joins Digital Banking Revolution with Exposure Draft

By Natalie Curtis | 14/01/2020

Herbert Smith Freehills breaks down Malaysia’s new framework for digital banks, comparing the regime to those in Singapore and Hong Kong.

Market Infrastructure

QME to Leverage Blockchain to Standardise Warehouse Receipts

By Editors | 13/01/2020

HKEX’s Qianhai Mercantile Exchange will use blockchain tech from Ant Financial to provide verifiable warehouse receipts which will help commodities businesses to obtain financing.