MARKET INFRASTRUCTURE

Enforcement

PBOC Sets Up New Bureau to Oversee Financial Regulation

By Editors | 04/02/2019

China’s central bank has set up a new macro-prudential management bureau to monitor financial systemic risks, draft rules and advise on currency issues.

Market Infrastructure

Asia Region Funds Passport Goes Live

By Editors | 03/02/2019

Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.

Fintech / Regtech

SWIFT to Test New Gateway Enabling gpi for E-commerce

By Editors | 01/02/2019

The proof-of-concept will enable gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation for on trade platforms.

Market Infrastructure

Insurance a Critical Part of Cyber Risk Response – MAS

By Manesh Samtani | 01/02/2019

Only 6% of global cyber insurance premiums come from APAC, said MAS division head Elean Chin at the launch of a new report which reveals the inadequacy of cyber risk preparedness.

Market Infrastructure

MAS Extends Deadline to Implement E-payments User Protection Guidelines

By Editors | 01/02/2019

The MAS is allowing an extra six months for compliance with its e-payments user protection guidelines, following requests from banks for more time to implement system changes.

Market Infrastructure

Bloomberg Indices to Include Chinese Local Currency Bonds from April

By Editors | 01/02/2019

The Bloomberg Barclays Global Aggregate Index will phase in Chinese government bonds and policy bank securities over 20 months, starting from April 2019.

Market Infrastructure

China to Expand Scope, Ease Requirements for QFII, RQFII Schemes

By Editors | 01/02/2019

New rules propose consolidating the QFII and RQFII into a single scheme, expanding the scope of investment products allowed and easing qualifying requirements for applicants.

Market Infrastructure

India Finance Ministry to Have Greater Say in SEBI Rulemaking

By Editors | 31/01/2019

SEBI regulations may need to be vetted through a separate independent committee constituted by the Ministry of Finance before being passed to the regulator’s own board for approval.

Market Infrastructure

Regulatory Fragmentation Heightens Derivatives Market Risk – ISDA

By Manesh Samtani | 31/01/2019

Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.