MARKET INFRASTRUCTURE

Market Infrastructure

UPDATED – S. Korean to Change COFIX Calculation Starting in July

By Editors | 24/01/2019

Bank lending rates should fall by about 0.27% under the new COFIX. The change in calculation is credit negative for Korean banks, says Moody’s.

Fintech / Regtech

Australia Consults on Strategic Vision for Payments Sector

By Editors | 23/01/2019

The Australian Payments Council is inviting comments to review it 2015 Australian Payments Plan aimed at supporting digital payments.

Market Infrastructure

China, Germany Enhance Capital Markets, Banking Cooperation

By Editors | 23/01/2019

The two countries will promote depository receipts, build an offshore market for A-share index derivatives in Frankfurt, and improve access for banks and insurers in either market.

Market Infrastructure

India Mulls Loosening Norms for New Players in Retail Payments

By Garima Chitkara | 22/01/2019

Concerned about the concentration risk posed by the NPCI, the central bank has proposed relaxing some requirements for new firms looking to operate payment systems in India.

Capital / Liquidity

Basel Regulators Consider 2020 Initial Margin Relief

By Manesh Samtani | 21/01/2019

Although it is still unclear which of the proposals will be adopted, the industry sees the data as so compelling that regulators will recognise the need for some form of relief.

Market Infrastructure

HKMA Urges Banks to Foster Sound Culture – Speech

By Manesh Samtani | 18/01/2019

In a keynote address this week, HKMA executive director Alan Au discussed the three pillars of bank culture reform, progress at banks, and new initiatives to drive culture reform forward.

Market Infrastructure

SGX Lowers Messaging Costs for Market Participants

By Editors | 17/01/2019

SGX’s adoption of SWIFT’s CSD Community Offering for financial messaging is expected to reduce messaging costs by 50% for smaller market participants.

Market Infrastructure

RBI Eyes Rules to Match CEO Pay to Bank Financial Health

By Editors | 17/01/2019

The Reserve Bank of India plans to provide guidance rules to bank boards on setting CEO remuneration, based on certain performance-related metrics.

Crypto / Digital Assets

Hong Kong, Luxembourg Sign Mutual Recognition of Funds Agreement

By Editors | 16/01/2019

Eligible general equity, bond or mixed funds authorised by the SFC can seek authorisation to be marketed to retail investors in Luxembourg.