Market Infrastructure

Enforcement

Former PBOC Official Under Probe for ‘Legal Violations’

By Editors | 08/11/2019

Reports indicate the investigation might be related to third-party payment licences issued by the central bank between 2011 and 2015.

Market Infrastructure

China Extends Use of Bond Collateral to All Domestic Futures

By Editors | 08/11/2019

The CCDC has signed a memorandum of cooperation with the SHFE, ZCE, DCE, CFFEX, and Shanghai’s INE, building on previous efforts to enable the use of bonds as collateral for futures trading.

Market Infrastructure

China, Hong Kong to Establish Wealth Management Connect Scheme

By Editors | 07/11/2019

The scheme will enable residents of Hong Kong and other GBA cities to invest in wealth management products in each other’s market through their respective banking systems.

ESG / Sustainability

New Zealand Consults on Mandatory Climate Risk Reporting

By Editors | 06/11/2019

The discussion document sets out a proposed mandatory regime which seeks to ensure that material risks and opportunities are routinely considered in business and investment decisions.

Market Infrastructure

RBI Issues Stricter Rules on Bank Executive Compensation

By Editors | 06/11/2019

Executive compensation should be at least 50% variable, and at least 60% of the variable pay must be deferred for at least three years, subject to malus/clawback arrangements.

Market Infrastructure

CHESS Replacement Project Creates Unfair Advantage: Chi-X Australia

By Editors | 05/11/2019

Chi-X Australia depends entirely on ASX for clearing services, and is concerned that the larger bourse could use the CHESS replacement project to gain further competitive advantages.

Capital / Liquidity

Singapore Banking Amendment Bill Introduced in Parliament

By Editors | 05/11/2019

The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.

Market Infrastructure

RBI Reorganises Regulation, Supervision Departments

By Editors | 04/11/2019

The RBI has integrated all its supervision functions into a unified ‘Department of Supervision’, and its regulatory functions into a unified ‘Department of Regulation’.

Market Infrastructure

S. Korea Passes Benchmark Legislation, Seeks BMR Equivalence

By Editors | 04/11/2019

The new legislation will strengthen the management and supervision of financial benchmarks and their administrators, the FSC said.