Market Infrastructure

Securities / Derivatives

WFE Partners with UN Sustainable Stock Exchanges Initiative

By Editors | 30/09/2019

The WFE and SSE will collaborate to enhance ESG disclosure at stock exchanges. They have also jointly published a blueprint for embedding sustainability in stock exchange operations.

Securities / Derivatives

Hong Kong to Regulate Fund Trustees, Custodians

By Editors | 30/09/2019

Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.

Market Infrastructure

Singapore Unveils New Framework for Upskilling Financial Sector

By Editors | 30/09/2019

The IBF, MAS, SkillsFuture and Workforce Singapore jointly developed the framework to help finance industry professionals upgrade their skills and remain relevant.

Market Infrastructure

Most Rules to Prevent Complex Product Mis-selling Already in Place

By Editors | 27/09/2019

Only China, Hong Kong, Japan and Singapore are fully consistent with all nine IOSCO principles on suitability requirements for the distribution of complex financial products.

Market Infrastructure

APAC Central Banks Prepare Market for Benchmark Reforms

By Editors | 27/09/2019

A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.

Market Infrastructure

ASX Entities Need Stronger Legal Basis to Access Risk Capital

By Editors | 27/09/2019

In its latest assessment of ASX’s clearing and settlement facilities, the RBA says the facilities need to strengthen their legal basis to access general business risk capital.

Enforcement

New Zealand to Introduce New Conduct Oversight Regime

By Editors | 27/09/2019

New legislation to implement the regime is expected by year-end, empowering the FMA with stronger enforcement tools and the ability to impose higher penalties for conduct breaches.

Big Picture

BIS Warns of Potential Financial Distress from CLO Market

By Editors | 26/09/2019

CLO losses experienced by non-bank investors such as hedge funds and insurance companies could present risks to banks, the BIS says in its quarterly review.

Market Infrastructure

CFTC Proposals on Foreign CCPs Can be Improved: WFE

By Editors | 26/09/2019

While the WFE welcomes the CFTC proposals as a step towards reducing regulatory fragmentation, it says they can be made more risk-sensitive and better tailored to today’s markets.