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Market Infrastructure
HKMA to Require Banks to Report on Culture Reform
By Editors | 20/12/2018
First phase of bank culture self-assessments will cover about 30 institutions, including all major retail banks and selected foreign bank branches.
Securities / Derivatives
SEBI Amends Risk Management Framework for Equity Derivatives
By Editors | 19/12/2018
Initial margins must be collected before the next trading day (T+0), but CCPs may allow 2 days after the last margin collection before close-out of equity derivative positions.
Market Infrastructure
Post-Crisis Reforms Need Recalibration for Repo Markets – GFMA, ICMA
By Manesh Samtani | 17/12/2018
A new report calls on the FSB and BCBS to review and recalibrate post-crisis prudential standards in relation to their impacts on repo and securities lending markets.
Market Infrastructure
Hong Kong Faces Skills Shortage in Fintech, Cybersecurity – Survey
By Editors | 17/12/2018
Fintech and cybersecurity were viewed as the areas with the largest skills shortage, followed by a skills gap in regulatory and compliance knowledge.
Capital / Liquidity
Myanmar’s First Credit Bureau to Become Operational Within a Year
By Editors | 17/12/2018
Using software from Equifax, the new credit bureau will enable lenders to use credit histories to calculate bad debt risk and potentially lower the need for collateral.
Capital / Liquidity
KDIC to Enhance Defences Against Defaults by Financial Firms
By Editors | 14/12/2018
The Korea Deposit Insurance Corp will upgrade its risk assessment and monitoring system in 2019 to protect against the credit risks of financial firms.
Market Infrastructure
Plans to Launch HK-China ETF Connect Put on Hold – Report
By Editors | 14/12/2018
Trading and settlement issues will require “a very long period of discussion” to resolve, according to SFC chairman Tim Lui, adding that the focus will shift to enabling ETF cross listings.
Market Infrastructure
European Commission Drafts Decision on UK Clearinghouse Equivalence
By Manesh Samtani | 13/12/2018
The European Commission’s draft provides the legal means to grant UK clearinghouses equivalence rights in the EU for 12 months in a no-deal Brexit scenario.
Market Infrastructure
SFC Concludes Consultation on Enhancements to OTC Derivatives Regime
By Editors | 13/12/2018
OTC derivatives participants will be subject to new risk mitigation requirements, as well as conduct requirements for dealings with group affiliates and related parties.
Capital / Liquidity
FRTB Capital Requirements Set for Further Delays – Report
By Editors | 12/12/2018
European legislators have reportedly agreed to initially introduce only the reporting requirements under FRTB and delay the capital requirements.
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