MARKET INFRASTRUCTURE

Market Infrastructure

APRA Consults on Financial Sector Shareholdings Rules

By Editors | 03/04/2019

The proposed rules set out the matters that must be considered in determining if a person is “fit and proper” to own 20% or more in an ADI, life insurer or general insurer.

Fintech / Regtech

APRA to Implement New Data Reporting System in March 2020

By Editors | 03/04/2019

APRA says in its initial implementation plan that entities must start ensuring their readiness for the new system now, as there is only a one year timeline for implementation.

Market Infrastructure

SWIFT Sees Growing ISO 20022 Adoption in Asia Pacific

By Manesh Samtani | 03/04/2019

SWIFT has released a new report on the state of adoption of the ISO 20022 financial messaging standard among Asia Pacific securities market infrastructures.

Market Infrastructure

NSE, SGX Reach Agreement on India Derivatives

By Editors | 01/04/2019

NSE and SGX have reportedly finalised an agreement that will enable SGX to offer trading in Nifty derivatives to Singapore investors through a special purpose vehicle operating as a broker at GIFT City.

Market Infrastructure

EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues

By Editors | 01/04/2019

The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.

Market Infrastructure

ESMA Urges Readiness for End-May EMIR Refit Adoption

By Manesh Samtani | 01/04/2019

Counterparties should start collecting the data they will need in May to perform calculations to determine whether they are subject to the clearing obligation.

Market Infrastructure

TMA Consults on HONIA, Hong Kong’s Alternative Rate for HIBOR

By Manesh Samtani | 01/04/2019

The Treasury Markets Association is proposing technical refinements to HONIA to enhance its robustness and representativeness as an alternative reference rate to HIBOR.

Capital / Liquidity

Vijaya, Dena Banks Start Operating as Bank of Baroda Branches

By Editors | 01/04/2019

The state-backed three-way merger of Vijaya Bank, Dena Bank and Bank of Baroda has taken effect, creating India’s third largest lender.

Market Infrastructure

SEBI Updates Disaster Recovery Guidelines for Market Infrastructures

By Editors | 01/04/2019

Stock exchanges, depositories and clearing corporations must have in place business continuity plans and disaster recovery policies that ensure ‘zero data loss’