MARKET INFRASTRUCTURE

Fintech / Regtech

HKMA Grants Four More Virtual Bank Licences

By Manesh Samtani | 09/05/2019

Ant Financial, Tencent, ICBC Asia, HKEX, Xiaomi and Ping An are among the backers of the four licence recipients, bringing the total number of virtual banks in Hong Kong to eight.

ESG / Sustainability

Climate Change a Major Financial Risk, say APRA, ASIC

By Editors | 09/05/2019

“Ultimately there will only be one form of finance, and that will be green finance,” said APRA head of insurance Geoff Summerhayes at the ACSI annual conference.

Fintech / Regtech

Open Banking Security Risks May Open Pandora’s Box

By Peter Lancos | 09/05/2019

The open banking initiative could be put in jeopardy if data is not sufficiently secured, say Peter Lancos, Jonathan Naismith and Suraj Nittoor at Exate Technology.

Market Infrastructure

HKEX, Euroclear to Bring European ETFs to Hong Kong

By Editors | 08/05/2019

HKEX will become the first Asian stock exchange to adopt Euroclear’s international central securities depository ETF settlement model, which allows trades in different markets to be settled in a central location.

Securities / Derivatives

HKMA Launches Green and Sustainable Banking Initiative

By Manesh Samtani | 08/05/2019

The measures include the development of a common framework and methodology for banks to assess how ‘green’ they are, and requirements to meet supervisory targets in this regard.

Crypto / Digital Assets

ASX Opens Testing Environment for CHESS Replacement

By Editors | 08/05/2019

ASX has made available the first of seven ‘drops’ of software code, with additional functionality set to be released at eight-week intervals.

Market Infrastructure

HKEX Pushes Forward Commodities Business in China

By Manesh Samtani | 08/05/2019

HKEX  is working with the Guangdong government to launch a pilot scheme for LME metals warehousing under the Greater Bay Area project.

Market Infrastructure

Australia: Banking Misconduct Drives Search for RegTech Remedies

By Jeffrey Kupfer | 08/05/2019

Australia may emerge as a world-leader in RegTech adoption as a remedy to banking culture and misconduct issues, say Jeff Kupfer and Stephen Scott at Starling Trust.

Market Infrastructure

CFTC Chairman Seeks Formal Guidance on Phase 5 Initial Margin

By Manesh Samtani | 06/05/2019

Chairman Giancarlo seeks regulatory guidance clarifying that entities with calculated initial margin amounts less than $50mn need not make preparations to exchange initial margin.