MARKET INFRASTRUCTURE

Enforcement

APRA to Improve Capabilities to Combat Non-Financial Risks

By Editors | 30/08/2019

In its four-year corporate plan, APRA identifies four areas of strategic focus, including to improve cyber-resilience and governance standards in the financial sector.

Market Infrastructure

Chinese Regulators Vow to Bring Quality Deals to Market

By FinanceAsia | 30/08/2019

The Chinese securities watchdog updated three draft regulations last week. For investors, it means both opportunity and challenge.

Fintech / Regtech

MAS Opens Applications for Digital Bank Licences

By Editors | 30/08/2019

Successful applicants will be announced in mid-2020, with the expectation that they meet MAS requirements and commence business by mid-2021.

Market Infrastructure

WFE Warns EMIR 2.2 Could Unduly Fragment Global Markets

By Editors | 29/08/2019

The WFE has issued a letter to the European Commission and ESMA outlining principles it says would support the objectives of EMIR 2.2 while limiting its negative consequences.

Market Infrastructure

China to Allow Foreign Banks to Underwrite Interbank Market Bonds

By Editors | 29/08/2019

Foreign banks are currently limited to underwriting business involving offshore non-financial issuers. ‘Class A’ licences will allow them to underwrite bonds in the interbank market.

Securities / Derivatives

China to Accelerate Capital Market Reforms – Report

By Editors | 28/08/2019

The CSRC said it has adapted its plan to accelerate the opening-up of the capital market from international best practices.

Capital / Liquidity

PBOC Sets Mortgage Rate Floor to Curb Risk

By Editors | 28/08/2019

The rate on mortgages for first-time home buyers must be at least the loan prime rate; for second-time home buyers it must be at least LPR plus 60bp.

Fintech / Regtech

ACCC Invites Firms to Test Open Banking Data Sharing

By Editors | 27/08/2019

The ACCC is seeking participants to help it test the data-sharing ecosystem under the consumer data right, which was passed into law earlier this month.

Fintech / Regtech

Uncovering the Terms and Conditions for Technology

By Max Kantelia | 27/08/2019

Legislators and industry leaders need to work together to ensure the benefits of innovation do not come at the cost of fairness, choice, and privacy, says Zilliqa co-founder Max Kantelia.