MARKET INFRASTRUCTURE

Market Infrastructure

Indonesia Moves to T+2 Stock Settlement

By Editors | 27/11/2018

Indonesia becomes the second Southeast Asian country to implement T+2 settlement, in a move that is expected to improve liquidity, reduce settlement risk and boost foreign participation.

Enforcement

Macquarie Emerges from Royal Commission Unscathed

By Manesh Samtani | 26/11/2018

Macquarie seen as the first responsible corporate role model in the nine months since banking royal commission public hearings began.

Market Infrastructure

FSB Releases Data Framework on Bank Compensation Practices

By Garima Chitkara | 26/11/2018

The FSB has recommended a data framework for national regulators to assess bank compensation policies and practices in regard to misconduct risk.

Capital / Liquidity

Singapore Banking System Can Withstand Severe Shocks – MAS

By Manesh Samtani | 26/11/2018

The MAS financial stability review says asset quality is improving despite loan growth, and banks continue to maintain healthy provisioning and liquid assets “well above regulatory requirements”.

Market Infrastructure

MAS Grants First Private Securities Exchange Licence to CapBridge

By Editors | 23/11/2018

The regulatory approval allows CapBridge to operate a private securities exchange, called ‘1exchange’, where investors can buy and sell securities issued by private companies.

Enforcement

Restoring Trust in Financial Sector Essential for Economic Prosperity – RBA

By Manesh Samtani | 23/11/2018

Strengthening trust in Australia’s financial institutions requires better incentive systems, clearer lines of accountability and stronger penalties for misconduct, said RBA governor Philip Lowe.

Fintech / Regtech

Thailand to Broadly Revamp Regulations for Financial Institutions

By Editors | 23/11/2018

New regulations will make it easier for financial institutions to lend to SMEs and adopt new technologies, while also reducing burdensome approval processes.

Market Infrastructure

More Work Required to Remove Legal Barriers to Trade Reporting – FSB

By Garima Chitkara | 22/11/2018

While a number of legal barriers on reporting and accessing of trade data have been removed, some still remain. China’s position on trade data access remains uncertain.

Big Picture

Industry Bodies Call for Extended Benchmarks Regulation Transition Period

By Manesh Samtani | 22/11/2018

ISDA, FIA, GFMA and EMTA have jointly published a briefing advocating an extension of the Benchmark Regulation transition period for critical and non-critical benchmarks.