Market Infrastructure

Market Infrastructure

FRTB May Disadvantage Emerging Markets – ISDA

By Manesh Samtani | 15/04/2019

There is a need for supervisors to consider local specificities when implementing the framework in less developed markets, ISDA says.

Market Infrastructure

Beijing Municipal Government Seeks QDII, RQDII Expansion

By Editors | 15/04/2019

Beijing vice mayor Yin Yong says securities firms, fund managers and futures trading firms should be able to to invest outside China through the QDII and RQDII schemes.

AML / KYC

SWIFT Details Critical Factors for Effective Cyber Defence

By Manesh Samtani | 12/04/2019

Asian banks must accept they are more susceptible as the initial target for fraudulent payments, as well as the receivers, with over 83 per cent of cases based in the region.

Market Infrastructure

SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth

By Editors | 12/04/2019

New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.

Market Infrastructure

MAS Proposes Payment Services Regulations for Consultation

By Manesh Samtani | 11/04/2019

To effect the objectives of the Payment Services Act passed in January, MAS intends to prescribe new regulations for payment services licensees and significant payment systems.

Market Infrastructure

US SEC Recognises NZX as Designated Offshore Market

By Editors | 11/04/2019

NZX participants will no longer be required to maintain a reasonable belief that clients are non-US domiciled persons in order to trade on their behalf.

Fintech / Regtech

HKMA Grants Fourth Virtual Bank Licence to WeLab Digital

By Editors | 11/04/2019

The HKMA has granted a fourth virtual bank licence to WeLab Digital, the first stand-alone company to receive the licence.

Securities / Derivatives

Close-Out Netting Essential for Asia Derivatives Markets – ISDA

By Manesh Samtani | 11/04/2019

Close-out netting is the single most effective tool for reducing credit risk between counterparties, says ISDA chief Scott O’Malia, highlighting the ambiguity over its treatment in key jurisdictions.

Enforcement

UniCredit China Employee Embezzled $15mn of Client Money

By Editors | 10/04/2019

The employee allegedly used a group supervisor’s password to access the funds, which were used to buy apartment units in the US, Greece and Japan.