Market Infrastructure

Market Infrastructure

Malaysia to Introduce Technology Risk Policy in June – Report

By Editors | 25/02/2019

BNM plans to introduce its policy on technology risk management in June, providing guidelines for financial institutions to combat the rising incidence of cybercrime.

Market Infrastructure

No-Deal Brexit to Have Little Impact on S. Korea, says FSS

By Editors | 22/02/2019

If the UK crashes out of the EU without an orderly exit deal in place, the damage to South Korea’s economy will be slight, according to the Financial Supervisory Service.

Market Infrastructure

HKMA Turns Up the Heat, Announces Consultation on IBOR Transition

By Will Hallatt | 22/02/2019

The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.

Market Infrastructure

EU, Singapore Agree to Mutually Recognise Derivatives Venues

By Editors | 21/02/2019

Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.

Market Infrastructure

HKMA, PBOC Collaborate on Cross Border Financial Services – Report

By Editors | 20/02/2019

As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.

Market Infrastructure

Nomura AM to Provide CLS Settlement to Japan-Based Funds

By Editors | 20/02/2019

Japan funds to have access to CLS Settlement through Nomura Asset Management in a move to enable PvP settlement and adopt best practices promoted by the FX Global Code.

Market Infrastructure

CBIRC Drafts New Rules for Local Government AMCs – Report

By Editors | 19/02/2019

Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.

Market Infrastructure

SWIFT Publishes Counterparty Cybersecurity Risk Guide

By Editors | 19/02/2019

The guide assists organisations in incorporating their counterparties’ cybersecurity self-attestation data into their risk management frameworks and governance models.

Market Infrastructure

RBI Consults on New Requirements for Benchmark Administrators

By Editors | 18/02/2019

The draft directions under consultation include requirements related to administrators’ minimum net worth, governance arrangements, and organisational structure, among other requirements.