Market Infrastructure

Market Infrastructure

FSB Urges ISDA to Embed LIBOR Pre-Cessation Trigger in Definitions

By Garima Chitkara | 21/11/2019

The FSB says a pre-cessation trigger should be added alongside a cessation trigger as standard language in definitions for both new and outstanding derivatives contracts.

Market Infrastructure

CEINEX Prepares to Launch Shanghai-Deutsche Stock Connect

By Editors | 21/11/2019

Under the plan, German companies will issue CDRs on the SSE, and Chinese companies will issue GDRs on the Frankfurt Stock Exchange.

Market Infrastructure

EP Association Adopts 4th Iteration of ‘Equator Principles’

By Editors | 21/11/2019

DBS becomes the newest of 101 financial institutions to adopt the ‘Equator Principles’, a globally recognised framework for determining, assessing and managing environment and social risk in project finance.

Market Infrastructure

Hong Kong Leads Asia on LIBOR Transition Readiness: KPMG

By Manesh Samtani | 21/11/2019

Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.

Fintech / Regtech

BCBS Examines Evolution, Risks of Open Banking

By Editors | 20/11/2019

While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.

Market Infrastructure

APRA’s New Approach to Managing Non-Financial Risks

By Editors | 20/11/2019

APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.

Market Infrastructure

Australia Consults on Financial Market Infrastructure Regulatory Reforms

By Editors | 19/11/2019

The proposed reforms will enhance the licensing and supervisory regime for financial market infrastructures and introduce a resolution regime for clearing and settlement facilities.

Market Infrastructure

CBIRC Grants Allianz Approval to Commence Operation in China

By Editors | 19/11/2019

The approval makes Shanghai-based Allianz (China) Insurance Holding Company Limited the first fully foreign-owned insurance holding company to operate in China.

Market Infrastructure

Auditor Independence Still an Issue for Audit Quality: FMA

By Editors | 18/11/2019

The key issues identified in the FMA’s Audit Quality Report 2019 related to auditor independence, related party transactions, accounting estimates, and auditor response to fraud risk.