MARKET INFRASTRUCTURE

Market Infrastructure

China Urges Private Firms to Swap Debt for Equity

By Editors | 07/06/2019

China’s debt-to-equity swaps programme has been dominated by state enterprises. More private companies are now being encouraged to participate to reduce short-term repayment pressures.

Market Infrastructure

MAS Proposes Increased Scope for Accountability, Conduct Guidelines

By Garima Chitkara | 07/06/2019

MAS proposes to apply its 2018 accountability and conduct guidelines to a wider range of financial institutions, including fund managers, trade repositories and benchmark administrators.

Market Infrastructure

FSB Publishes User Guide to Overnight Risk Free Rates

By Editors | 07/06/2019

The user guide provides an overview of RFRs, details on how they are calculated, and options on how they can be used in cash products.

Market Infrastructure

FSB TCFD: Not Enough Companies Disclosing Climate Risk Information

By Editors | 07/06/2019

The Task Force said some of the results of its disclosure review and survey are encouraging, but not enough companies are disclosing decision-useful climate-related financial information.

AML / KYC

MAS Consults on AML/CFT Notices for Payment Services

By Manesh Samtani | 07/06/2019

The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.

Market Infrastructure

CPMI-IOSCO Paper on CCP Default Management Auctions

By Editors | 07/06/2019

The discussion paper describes the considerations CCPs take into account when planning and conducting default management auctions.

Market Infrastructure

RBI Publishes Payment Systems Benchmarking Report

By Editors | 06/06/2019

Further efforts are needed to reduce paper clearing  and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.

Market Infrastructure

FSB, IOSCO Issue Complementary Reports on Market Fragmentation

By Manesh Samtani | 06/06/2019

The FSB and IOSCO have separately published reports on market fragmentation as they seek to minimise its adverse effects on financial stability and market efficiency.

Market Infrastructure

Huatai Confirms Intention to Float London Depositary Receipts

By Editors | 06/06/2019

Huatai Securities reconfirming its intention to list depositary receipts on the LSE signals that the issues that delayed the Shanghai-London Stock Connect may now be resolved.