MARKET INFRASTRUCTURE

Capital / Liquidity

RBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs

By Editors | 09/08/2019

The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.

Market Infrastructure

ISDA Begins Review of Post-trade Services

By Editors | 09/08/2019

ISDA is conducting targeted surveys to identify opportunities for greater automation, reduced operational risk and lower costs in post-trade services.

Securities / Derivatives

S. Korea Announces Adjusted Schedule for Initial Margin Rules

By Editors | 09/08/2019

Korea has adjusted its domestic implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.

Market Infrastructure

SHCH Issues Draft Guidance on Clearing Member Default Management

By Editors | 08/08/2019

In the event of a default, Shanghai Clearing House can initiate rapid disposal of non-cash collateral, demand the disposal of a clearing member’s other assets, or perform a forced liquidation, among other measures.

Market Infrastructure

LIBOR Transition Presents Opportunity to Gain Market Share

By Matthieu Sachot | 08/08/2019

Financial institutions should be treating the LIBOR transition as an opportunity to strengthen client relationships and win market share, says Matthieu Sachot at Chappuis Halder & Co.

Market Infrastructure

ASX Finalises Updated Guidance for Clearing, Settlement Participants

By Editors | 08/08/2019

ASX has finalised its updated guidance for clearing and settlement participants on their business continuity, disaster recovery and cyber resilience arrangements.

Market Infrastructure

Singapore Finalises Tax Framework for VCCs

By Editors | 07/08/2019

An umbrella VCC needs to file a single corporate income tax return, regardless of the number of sub-funds. GST and stamp duty will be applied at the sub-fund level.

Market Infrastructure

MAS Mandates Baseline Requirements on Cyber Hygiene

By Editors | 07/08/2019

The legally binding cyber hygiene requirements must be implemented by all MAS regulated financial institutions by 6 August 2020.

Market Infrastructure

SGX-NSE GIFT City Trading Link Receives Regulatory Approval

By Editors | 07/08/2019

The so-called ‘NSE IFSC-SGX Connect’ is set to become operational by end-2020, ending a dispute between the two exchanges.