MARKET INFRASTRUCTURE

Market Infrastructure

Implementation of Secondary Market Principles “Generally High” – IOSCO

By Editors | 13/02/2019

IOSCO has identified some gaps in the implementation of its ‘Secondary and Other Market Principles’, particularly in nascent and emerging market jurisdictions.

Market Infrastructure

FSB Details Work Programme for 2019

By Manesh Samtani | 13/02/2019

In addition to identifying emerging risks, the FSB will focus on finalising, operationalising and monitoring the implementation of post-crisis reforms.

Fintech / Regtech

FSB Chair Focused on Assessing Reform Effects, New Risks

By Garima Chitkara | 12/02/2019

The FSB is launching new studies to assess the impact of post-crisis reforms while actively working to identify new sources of risk to the financial sector.

Market Infrastructure

RBI Eyes Holding Company Model for India’s Banks

By Editors | 11/02/2019

The RBI wants banks to operate as subsidiaries of financial holding companies, with other business arms also split off into separate subsidiaries.

Capital / Liquidity

Former RBI Governor Speaks Out on Central Bank Autonomy

By Editors | 11/02/2019

Former central bank governor YV Reddy says there is no doubt the government has a claim over the RBI’s reserves, but questions how it is exercising its claim.

Market Infrastructure

ASIC ‘Well-Placed’ to Manage Impacts of No-Deal Brexit

By Editors | 08/02/2019

ASIC says it is carefully monitoring developments and has been liaising closely with UK and Australian authorities to plan for potential Brexit-related impacts.

Market Infrastructure

MAS Consults on Revisions to Banking Act

By Editors | 08/02/2019

Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank’s financial soundness.

Fintech / Regtech

MAS Proposes New Requirements for Banks’ Outsourced Functions

By Editors | 08/02/2019

The proposals will expand MAS’ powers to impose requirements on banks’ and merchant banks’ outsourcing arrangements, regardless of where outsourced functions are performed.

Market Infrastructure

India to Set Up Unified Regulator for GIFT City Financial Services

By Editors | 07/02/2019

A bill to establish a unified regulator to oversee financial services at India’s GIFT City has been approved by the country’s cabinet.