Market Infrastructure

Fintech / Regtech

Singapore Digital Banks to Disrupt Smaller Incumbents the Most

By Editors | 04/07/2019

Singapore’s big banks will be able to defend against new digital entrants, while small foreign-owned incumbents will face the greatest disruption risk, says Moody’s Investors Service.

Enforcement

SFC Gains Access to Mainland Audit Papers for Investigations

By Editors | 04/07/2019

The MOF and CSRC agree to provide the “fullest assistance” in response to SFC requests for investigative assistance regarding the provision of audit working papers.

Market Infrastructure

BOJ Publishes Consultation on JPY Interest Rate Benchmarks

By Editors | 03/07/2019

The consultation paper presents and evaluates five options that can be used as alternative benchmarks upon transition and as fallback replacement benchmarks.

Market Infrastructure

Australian Payments Council Releases New Strategic Agenda

By Editors | 03/07/2019

The strategic agenda sets out five areas that will guide the APC’s work to ensure the payments system remains resilient, efficient, accessible, and adaptable.

Market Infrastructure

China to Remove Foreign Ownership Limits a Year Early

By Editors | 03/07/2019

Premier Li Keqiang said at the World Economic Forum in Dalian that foreign ownership limits in the financial sector will end in 2020, ahead of schedule.

Market Infrastructure

Regulator Coordination Insufficient to Scale Up Sustainable Finance

By Manesh Samtani | 02/07/2019

Most financial institutions say coordination among regulators is not sufficient to effectively promote sustainable finance globally, according to a GFMA survey.

Market Infrastructure

NZX Completes Migration to Single Board, New Listing Rules

By Editors | 02/07/2019

NZX’s updated rule set took effect in January, but participants were allowed a six month transition period for adoption before the move to a single board.

Market Infrastructure

ESMA Recognises NSE IFSC Clearing Corp as Third Country CCP

By Editors | 02/07/2019

The recognition ensures European participants can apply lower risk to trade exposures to NSE IFSC Clearing Corporation and thus benefit from lower capital requirements.

Market Infrastructure

Hong Kong ‘Greenness’ Assessment Framework for Banks by Year-End

By Manesh Samtani | 02/07/2019

The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA’s participation in the NGFS.