MARKET INFRASTRUCTURE

Big Picture

Asia Struggles to Meet 2020 EU Benchmarks Regulation Deadline

By Editors | 31/10/2018

A number of non-EU benchmark administrators may fail to obtain BMR registration by January 2020, according to a new report from ASIFMA and Herbert Smith Freehills.

Market Infrastructure

Hong Kong-UK Mutual Funds Recognition Hits a Snag

By Manesh Samtani | 31/10/2018

A number of Hong Kong unit trusts are not eligible to be sold in the UK, where regulations require an independent trustee or custodian, according to a Fund Selector Asia report.

Market Infrastructure

NZX Overhauls Listing Rules in Transition to Single Board

By Editors | 30/10/2018

New listing rules to take effect from January, in advance of migration to a single board where equity, debt and fund issuers will be covered in a single rule set.

Capital / Liquidity

Changes to Address Bad Behaviour at Banks Will Improve Resilience – RBA

By Manesh Samtani | 30/10/2018

Australian banks are more resilient following post-GFC reforms. But changes to address culture and conduct issues will increase resilience further, says RBA asst governor Michele Bullock.

Market Infrastructure

StanChart Becomes First Foreign Bank with Custody Licence in China

By Editors | 30/10/2018

The CSRC has granted Standard Chartered Bank a domestic fund custody licence, which until now has been reserved for local institutions.

Market Infrastructure

China Publishes Draft Rules Easing Market Access for Foreign Banks

By Editors | 29/10/2018

Foreign banks will be allowed to set up wholly-owned branches and subsidiaries in China provided they maintain at least 8% of yuan-denominated risk assets as reserves.

Market Infrastructure

Delivering Value from OTC Derivatives Repository Data

By Oliver Williams | 29/10/2018

DTCC’s Oliver Williams explores the use cases of enhanced trade repository data, as Asia’s regulators and institutions seek even greater transparency of OTC derivatives markets.

Market Infrastructure

HKMA Refines Bank-to-SVF Direct Debit Process to Prevent Fraud

By Editors | 29/10/2018

Banks and stored value facility operators are asked to adopt a ‘refined process’ in setting up direct debit authorisations to top-up e-wallets following last week’s fraud reports.

Market Infrastructure

Shinzo Abe’s Beijing Visit Paves Way for Financial Sector Cooperation

By Manesh Samtani | 29/10/2018

Forty years since the 1978 peace treaty marked by a series of MoUs between central banks, securities regulators, stock exchanges and industry bodies, among others.