Market Infrastructure

Market Infrastructure

China to Remove Foreign Ownership Limits a Year Early

By Editors | 03/07/2019

Premier Li Keqiang said at the World Economic Forum in Dalian that foreign ownership limits in the financial sector will end in 2020, ahead of schedule.

Market Infrastructure

Regulator Coordination Insufficient to Scale Up Sustainable Finance

By Manesh Samtani | 02/07/2019

Most financial institutions say coordination among regulators is not sufficient to effectively promote sustainable finance globally, according to a GFMA survey.

Market Infrastructure

NZX Completes Migration to Single Board, New Listing Rules

By Editors | 02/07/2019

NZX’s updated rule set took effect in January, but participants were allowed a six month transition period for adoption before the move to a single board.

Market Infrastructure

ESMA Recognises NSE IFSC Clearing Corp as Third Country CCP

By Editors | 02/07/2019

The recognition ensures European participants can apply lower risk to trade exposures to NSE IFSC Clearing Corporation and thus benefit from lower capital requirements.

Market Infrastructure

Hong Kong ‘Greenness’ Assessment Framework for Banks by Year-End

By Manesh Samtani | 02/07/2019

The framework will comprise guiding principles and possible metrics for the greenness assessments, drawing from industry feedback and the HKMA’s participation in the NGFS.

Market Infrastructure

ASIC to Hold Public Hearings on Responsible Lending

By Editors | 02/07/2019

The public hearings will provide a “robust and transparent way” to air issues and views raised in written submissions responding to ASIC’s February consultation on responsible lending.

Market Infrastructure

Regulatory Change the Single Biggest Compliance Challenge

By Editors | 02/07/2019

Financial crime, culture & conduct risk, personal liability and technology are some of the other top compliance challenges cited in the latest Thomson Reuters Cost of Compliance report.

Market Infrastructure

Singapore Commences Transition Testing for Enhanced SIBOR

By Editors | 01/07/2019

Transition testing will be conducted initially for six months to determine if a transition to the proposed waterfall methodology is possible or if further refinements are needed.

Market Infrastructure

ASIC Approves Updated Banking Code of Practice

By Editors | 01/07/2019

ASIC is assessing changes to the Code proposed by the ABA in two stages, the first of which has been approved and is reflected in the latest version which took effect on 1 July.