Market Infrastructure

Capital / Liquidity

Poorly Performing Japanese Banks to Face Added FSA Pressure

By Editors | 20/03/2019

The FSA plans to stress test Japanese regional banks by mid-year and issue business improvement orders and possible restrictions on poorly performing banks.

Market Infrastructure

Brunei Earmarks $300mn for Proposed Stock Exchange

By Editors | 19/03/2019

Brunei’s government has agreed on a budget of more than $300mn to establish the country’s first stock exchange in the next few years.

Capital / Liquidity

China Proposes Establishment of Independent Deposit Insurance Agency

By Editors | 19/03/2019

The proposed agency – the first of its kind in China – could help failed banks to exit the market, limit depositor losses, and prevent contagion effects when serious credit risk events arise.

Enforcement

Australia Consults on Making Industry Codes Legally Enforceable

By Editors | 19/03/2019

The Treasury is proposing legislative amendments to make industry codes of conduct legally enforceable, where contraventions will constitute a breach of the law.

Market Infrastructure

MAS Publishes Finalised Mandatory Trading Regulations for Derivatives

By Kai Loon Loh | 19/03/2019

Kai Loon Loh and Patrick Phua at global law firm Ashurst sum up the key takeaways from the MAS response to consultative feedback and the now-finalised mandatory trading regulations.

Market Infrastructure

ISDA, FIA, IIF Publish CCP Resolution Incentives Analysis

By Garima Chitkara | 18/03/2019

ISDA, FIA and IIF members dispute the appropriateness of extending the NCWOL safeguard to equity holders, and debate the size of the “skin-in-the-game” tranche.

Market Infrastructure

Tokyo Bourse to Cut a Third of Companies from First Section

By Editors | 18/03/2019

The Tokyo Stock Exchange plans to raise the minimum market cap for companies to maintain a listing on its First Section and require English language quarterly earnings disclosures.

Market Infrastructure

Philippines’ RCBC Sues Bangladesh Bank for Defamation

By Editors | 15/03/2019

In the latest twist in the Bangladesh Bank cyber heist saga, Philippine lender Rizal Commercial Banking Corp has filed a defamation suit against Bangladesh’s central bank.

Market Infrastructure

Australian Banks on Track to Meet 2020 Deadline on Staff Pay Reforms

By Editors | 15/03/2019

Policies at banks are on track to be fully consistent with the staff pay reform recommendations well in advance of 2020, says former public service commissioner Stephen Sedgwick.