MARKET INFRASTRUCTURE

Market Infrastructure

China’s Securities Firms Under Pressure to Consolidate

By Manesh Samtani | 01/01/2019

M&A activity between domestic brokerages is set to increase, says S&P Global. Consolidation may help local players better compete against foreign entrants.

Market Infrastructure

S. Korea Designates 11 Banks as Won-Yuan Liquidity Providers

By Editors | 01/01/2019

The banks selected by South Korea’s central bank include 6 domestic institutions and 5 foreign institutions with local branches.

Fintech / Regtech

BNM Issues Policy Document Targeting Outsourcing Risk at FIs

By Editors | 31/12/2018

Malaysia’s central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.

Market Infrastructure

UPDATED – China’s Asset Management Sector Set for Shake-Up

By Manesh Samtani | 28/12/2018

Up to 22 banks have announced plans to set up new wealth management subsidiaries which could end up taking market share from asset management firms.

Market Infrastructure

ISDA Releases Final Report on Benchmark Fallbacks Consultation

By Editors | 24/12/2018

ISDA will proceed to develop fallbacks based on the ‘compounded setting in arrears rate’ and the ‘historical mean/median approach to the spread adjustment’.

Market Infrastructure

LSEG Technology Announces New Post-Trade Functionality at SGX

By Editors | 24/12/2018

The new settlement and depository system enables SGX and market participants to align to global market practices, messaging standardisation and T+2 settlement.

Market Infrastructure

KRX May Face CFTC Penalty for Violating CCP Rules – Report

By Editors | 21/12/2018

Korean media reports indicate the CFTC may take action against KRX as early as this month in response to its failures to comply with regulations for CCPs.

Market Infrastructure

European Commission Unveils No-Deal Brexit Contingency Plan

By Manesh Samtani | 21/12/2018

The 14-point plan includes conditional equivalence for UK CCPs and CSDs as well as delegated regulations to facilitate the novation of OTC derivatives contracts.

Market Infrastructure

All SWIFT Banks to Adopt gpi Payments by End-2020

By Editors | 20/12/2018

Over half of SWIFT’s cross border traffic now goes through as gpi payments, with full adoption by its 10,000 member banks expected by end-2020.