MARKET INFRASTRUCTURE

Market Infrastructure

ISDA Consults on Final Parameters for Benchmark Fallback Adjustments

By Manesh Samtani | 19/09/2019

Based on the results, the 2006 ISDA Definitions will be adjusted to incorporate fallbacks for new IBOR trades, and a protocol for including fallbacks in legacy IBOR contracts will be published.

Securities / Derivatives

BIS Survey Reveals Rising Significance of Asian FX Hubs

By Manesh Samtani | 18/09/2019

Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.

Market Infrastructure

RBNZ, FMA Unimpressed by Insurers’ Inaction on Conduct Risk

By Editors | 18/09/2019

RBNZ governor Adrian Orr says the sector has failed to demonstrate the necessary urgency and prioritisation to provide effective governance and monitoring of conduct risk.

Market Infrastructure

Hong Kong Virtual Banks Likely to Delay Launch – Report

By Editors | 18/09/2019

Hong Kong virtual banks are reportedly delaying plans to start promotional campaigns partly in response to city-wide protests, among other reasons.

Fintech / Regtech

Big Data: Who’s Writing the Rules of the Game?

By CorporateTreasurer | 17/09/2019

A recent whitepaper commissioned by Deutsche Bank looks at the need for effective regulations for cross-border data sharing and the ethical use of artificial intelligence.

Market Infrastructure

Korean Banks Boost Spending of Cybersecurity, IT: BOK

By Editors | 17/09/2019

Banks are increasingly relying on outsourcing for cloud computing, which may become a potential vulnerability if adequate precautions are not in place.

Market Infrastructure

Australia Passes Bill to End Conflicted Remuneration Despite Pushback

By Editors | 16/09/2019

The Association of Financial Advisers says thousands of clients will be worse off without grandfathered commissions, and that financial advisers need more time to adjust.

Big Picture

Climate Risk Resilience Vital for Financial Stability: S&P

By Manesh Samtani | 16/09/2019

Banks need to act now to minimise future climate-related costs and the impact on their creditworthiness, says a new report from S&P Global Ratings.

Securities / Derivatives

KRX Introduces Paperless Securities System

By Editors | 15/09/2019

Starting 16 September, all listed stocks and bonds must be issued and registered electronically, and no longer exist in paper form.