MARKET INFRASTRUCTURE

Fintech / Regtech

Moody’s Explores Credit Implications of Cyber Risk

By Manesh Samtani | 06/03/2019

Banks are at high risk because they hold the data and funds of private clients, and provide access to their services through multiple online and digital channels, says Moody’s Investors Service.

Market Infrastructure

HKMA Asks Hong Kong Banks to Prepare for Benchmark Reform

By Editors | 06/03/2019

The HKMA says the transition to alternative reference rates will have significant implications for authorised institutions’ businesses, risk management and operational processes.

Securities / Derivatives

SWIFT, SGX, SLIB Join Forces to Test Blockchain Based e-Voting

By Editors | 06/03/2019

SWIFT, SGX, and software firm SLIB will collaborate with DBS, Deutsche Bank, HSBC and Standard Chartered to test the use of DLT in e-voting in Asia Pacific.

Market Infrastructure

Are We Ready for the Next Financial Crisis?

By Adrien Vanderlinden | 05/03/2019

DTCC’s Adrien Vanderlinden explores the biggest threats to financial stability 10 years after the financial crisis, and how Asia is responding to potential cyber-threats.

Securities / Derivatives

China Tightens Requirements on Owners of Futures Companies

By Editors | 05/03/2019

Major shareholders of companies that trade in futures contracts will have higher net asset and profitability requirements under new draft rules from the CSRC.

Market Infrastructure

Urgent Action Needed on UK Trading Venue Equivalence

By Manesh Samtani | 05/03/2019

ISDA, FIA and eight other industry bodies warn of the disruptive impact that would result if urgent action is not taken by EU authorities to recognise UK derivatives trading venues.

Securities / Derivatives

MSCI Decision Prompts CSRC Vow to Open China Derivatives Markets

By Editors | 04/03/2019

MSCI will quadruple the weighting of Chinese mainland shares in its global benchmarks this year. Remaining market accessibility issues must be addressed for future weight increases.

Market Infrastructure

Thailand Moves to Transaction-based Calculation for THBFIX

By Editors | 04/03/2019

The “more credible” transactions-based approach will improve transparency and reduce risks of manipulation, and is in line with the IOSCO Principles for Financial Benchmarks, the BOT said.

Capital / Liquidity

APRA Unveils 2019 Policy Agenda in New Paper

By Editors | 03/03/2019

Much of the focus will be on lifting industry standards on governance, remuneration, and the management of non-financial risks, said APRA chair Wayne Byres.