Market Infrastructure

Big Picture

Global Crypto Trading Should be Guided by IOSCO Principles: WFE

By Editors | 03/08/2019

“Innovation which has the potential to present systemic risk or is allowed to operate in an unchecked or unregulated manner is detrimental to financial markets and investor interests.”

Enforcement

Japan Post to Check 30mn Contracts in Insurance Mis-selling Probe

By Editors | 02/08/2019

Up to 183,000 Japan Post customers have been affected by unlawful insurance sales practices over the past five years, double the amount initially found.

Market Infrastructure

HKIFA Announces New Roadmap Pushing ESG Agenda

By Manesh Samtani | 02/08/2019

The HKIFA is advocating for fund documents to only be delivered to investors digitally by default, increased use of cloud for record keeping, and greater alignment with international standards.

Market Infrastructure

IOSCO Urges Market Participants to Move to RFRs ‘Now’

By Editors | 02/08/2019

IOSCO says early transition to risk free rates will help to mitigate potential financial stability and conduct risks associated with the transition away from LIBOR.

Fintech / Regtech

Australia Passes Consumer Data Right Legislation

By Manesh Samtani | 02/08/2019

The passage of the Consumer Data Right legislation clears the way for open banking to start in Australia in February 2020.

Enforcement

NPP Australia Responds to RBA on Platform Access, Functionality

By Editors | 01/08/2019

Effective immediately, NPP Australia has established a mandatory compliance framework allowing it to designate core capability requirements and enforce compliance through non-compliance charges.

Market Infrastructure

SEBI Grants QCCP Status to MCX Clearing Corporation

By Editors | 01/08/2019

SEBI has granted qualifying central counterparty status to Multi Commodity Exchange Clearing Corporation.

Market Infrastructure

HKMA Reports on Open API Implementation Progress

By Editors | 01/08/2019

Phase I Open APIs provide information on banking products and services. Phase II will allow banks to process applications for such products and services by end-October.

Market Infrastructure

CSRC Issues New Rules for China Offices of Foreign Exchanges

By Editors | 31/07/2019

Representative offices of foreign exchanges have 12 months to register with the CSRC, and are prohibited from engaging in any profit-making activities in China.