Market Infrastructure

    Market Infrastructure

    TMA Consults on HONIA, Hong Kong’s Alternative Rate for HIBOR

    By Manesh Samtani | 01/04/2019

    The Treasury Markets Association is proposing technical refinements to HONIA to enhance its robustness and representativeness as an alternative reference rate to HIBOR.

    Capital / Liquidity

    Vijaya, Dena Banks Start Operating as Bank of Baroda Branches

    By Editors | 01/04/2019

    The state-backed three-way merger of Vijaya Bank, Dena Bank and Bank of Baroda has taken effect, creating India’s third largest lender.

    Market Infrastructure

    SEBI Updates Disaster Recovery Guidelines for Market Infrastructures

    By Editors | 01/04/2019

    Stock exchanges, depositories and clearing corporations must have in place business continuity plans and disaster recovery policies that ensure ‘zero data loss’

    Market Infrastructure

    Automated Trading Does Not Impact End-of-Day Volatility – CFTC

    By Editors | 01/04/2019

    A new report reveals that the rise of automated orders has not resulted in a systematic increase in end-of-day price volatility over a 6 year period.

    Market Infrastructure

    China Approves JP Morgan, Nomura Securities Joint Ventures

    By Editors | 01/04/2019

    JP Morgan and Nomura have been given regulatory approval to set up new majority owned securities joint ventures in China.

    Market Infrastructure

    HKMA Ups the Competency Bar for Credit Risk Management

    By Editors | 31/03/2019

    The HKMA – in collaboration with the HKIB and banking sector – has published a new framework aimed at enhancing professional competencies in the credit risk management function.

    ESG / Sustainability

    Australian Financial Sector Teams Up on Climate Initiative – Report

    By Editors | 30/03/2019

    Overseen by APRA, a group of industry players – including the big four banks – are looking to reshape the financial system to ensure readiness for climate risks.

    Market Infrastructure

    China Approves First Foreign Funded JV for Pensions Business

    By Editors | 30/03/2019

    A Standard Life Aberdeen joint venture is the first foreign funded insurer authorised to participate in the pensions sector, which to date has been dominated by 8 domestic firms.

    Market Infrastructure

    JPX, TOCOM Enter Basic Agreement to Merge by October

    By Editors | 29/03/2019

    TOCOM will become a wholly-owned subsidiary of JPX, and together they will launch a consolidated exchange for stocks, financial and commodity derivatives by September 2020.

    Fintech / Regtech

    S. Korea FSC Receives Three Applications for Internet-Only Banks

    By Editors | 29/03/2019

    The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.

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