MARKET INFRASTRUCTURE

Market Infrastructure

SEBI Issues Stricter Disclosure Norms for Ratings Agencies

By Editors | 17/06/2019

Enhanced disclosure guidelines will require rating agencies to disclose default probabilities, factors that can impact ratings, and issuers’ liquidity positions.

Market Infrastructure

SFTR: An Opportunity to Upgrade, Automate

By Manesh Samtani | 17/06/2019

DTCC’s Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.

Securities / Derivatives

Shanghai’s New Tech Board to Commence Trading Within 2 Months

By Editors | 15/06/2019

China has held a launch ceremony for Shanghai’s new board, termed the ‘SSE STAR Market’. Trading is expected to commence within 2 months with about 30 companies.

Market Infrastructure

Singapore, UK to Enhance Cooperation on Cyber Security

By Editors | 14/06/2019

Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.

Market Infrastructure

RBA Proposes Financial Penalties for Slow NPP Adoption

By Editors | 14/06/2019

The RBA recommends the introduction of an enforceable sanctions regime and possible financial penalties for NPP participants that do not support core capabilities within a specific period of time.

Big Picture

DLT Can Enhance Settlement Systems, But Not Replace Them

By Manesh Samtani | 14/06/2019

A new paper from Greenwich Associates says DLT cannot replace settlement infrastructure entirely without imposing the very costs it was designed to reduce.

Market Infrastructure

China Issues Draft Rules on Cross-border Data Flows

By Manesh Samtani | 14/06/2019

It is difficult to see how prior regulatory approval of every transfer of personal data from China is workable, says Hogan Lovells partner Mark Parsons.

Market Infrastructure

Practical Steps for Compliance with MAS’ IAC Guidelines

By Grace Chong | 14/06/2019

Grace Chong at global law firm Simmons & Simmons analyses the implications of MAS’ Individual Accountability and Conduct Guidelines, and sets out the practical steps to be taken.

Market Infrastructure

Japan Delays Pension Reform Amid Political Fallout

By Editors | 13/06/2019

An FSA report which highlighted the insufficiency of Japan’s pension system has been withdrawn by the government ahead of a national election.