Market Infrastructure

Market Infrastructure

FSC Korea Proposes More Flexible Business Conduct Rules

By Editors | 02/06/2019

‘Chinese walls’ at financial firms will be set up around ‘information units’ rather than ‘business units’. Firms can entrust a broader range of business to third parties and IT firms.

Market Infrastructure

PBOC Sets Up AMC to Manage Deposit Insurance Fund

By Editors | 31/05/2019

The PBOC has reportedly established an independent entity to manage the deposit insurance fund, which was set up in 2015 and has so far accumulated 100 billion yuan.

Market Infrastructure

India Delays CCP Interoperability Framework

By Editors | 31/05/2019

Trading members have been given one more month to develop processes that allow them to choose to clear and settle trades in other clearing corporations.

Market Infrastructure

Singapore, Malaysia, Vietnam on US Watchlist for Currency Practices

By Manesh Samtani | 31/05/2019

The US Treasury’s monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.

Market Infrastructure

S. Korea FSC Announces Derivatives Market Reforms

By Editors | 31/05/2019

The minimum deposit requirements will be abolished for professional investors and eased for retail investors. The minimum 20-hour compulsory training requirement will be reduced.

Market Infrastructure

SFC Warns Credit Rating Agencies of Model Risk

By Garima Chitkara | 30/05/2019

The SFC highlighted insufficient validation of credit rating models, inconsistencies between models and methodology, and inadequate validation of third-party models.

Market Infrastructure

PBOC Mulls Shift to Market Based Lending Rates

By Editors | 30/05/2019

PBOC governor Yi Gang has suggested discontinuing benchmark lending rate announcements to study the resulting loan rate trends, as a possible step towards market-based rates.

Market Infrastructure

ISDA Chief Says the End is in Sight for IBOR Fallbacks

By Manesh Samtani | 30/05/2019

ISDA chief Scott O’Malia says one year from now, robust fallbacks should be in place for derivatives contracts referencing LIBOR and other IBORs.

Market Infrastructure

Asia Pacific Firms Lagging in LEI Adoption – FSB

By Manesh Samtani | 30/05/2019

Although widespread coverage has been achieved in OTC derivatives and securities markets, LEI adoption remains uneven across jurisdictions, with Asia Pacific lagging.