Market Infrastructure

Market Infrastructure

Indonesia Has Adopted Measures to Implement PFMI: CPMI-IOSCO

By Editors | 09/04/2020

Since the 2019 update, Indonesia and Saudi Arabia have finished adopting measures that will enable them to implement the PFMIs for all financial market infrastructure types.

Market Infrastructure

ASIC, APRA Offer Best Practice Recommendations on LIBOR Transition

By Editors | 08/04/2020

ASIC, APRA and the RBA warn that a failure to transition to alternative reference rates could lead to significant reputational, operational and legal risk and disrupt financial markets.

Fintech / Regtech

In-Depth: Making Sense of Digital Bank Policy

By Jamie Lloyd Evans | 07/04/2020

Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

Enforcement

US Court Reverses 2017 Dismissal of Rate Rigging Suit Against Banks

By Editors | 07/04/2020

The decision effectively revives a suit by a group of investment funds against major banks over their alleged manipulation of yen LIBOR and euroyen TIBOR between 2006 and 2011.

Market Infrastructure

RBI Reduces Market Hours to Curb Volatility

By Editors | 06/04/2020

During India’s lockdown, currency, bond and money markets will operate for only 4 hours. SEBI has also brought forward the cut-off times for the mutual fund industry.

Market Infrastructure

Japan Lacks Consensus on LIBOR Replacement – Report

By Editors | 05/04/2020

About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.

Market Infrastructure

Australia Tightens Foreign Investment Rules, Citing National Interest

By Editors | 02/04/2020

Federal approval is now required for all proposed foreign investments regardless of value or the nature of the foreign investors.

Capital / Liquidity

China: State Council to Bolster Financial Support for SMEs

By Editors | 01/04/2020

The new measures will include another RRR cut, $141bn in re-lending and re-discounting quotas, and new bond issuances to exclusively support SME loans.

Market Infrastructure

Bursa Malaysia Implements ISO 20022 for Corporate Announcements

By Editors | 01/04/2020

The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.