Market Infrastructure

Market Infrastructure

Plans to Launch HK-China ETF Connect Put on Hold – Report

By Editors | 14/12/2018

Trading and settlement issues will require “a very long period of discussion” to resolve, according to SFC chairman Tim Lui, adding that the focus will shift to enabling ETF cross listings.

Market Infrastructure

European Commission Drafts Decision on UK Clearinghouse Equivalence

By Manesh Samtani | 13/12/2018

The European Commission’s draft provides the legal means to grant UK clearinghouses equivalence rights in the EU for 12 months in a no-deal Brexit scenario.

Market Infrastructure

SFC Concludes Consultation on Enhancements to OTC Derivatives Regime

By Editors | 13/12/2018

OTC derivatives participants will be subject to new risk mitigation requirements, as well as conduct requirements for dealings with group affiliates and related parties.

Capital / Liquidity

FRTB Capital Requirements Set for Further Delays – Report

By Editors | 12/12/2018

European legislators have reportedly agreed to initially introduce only the reporting requirements under FRTB and delay the capital requirements.

Capital / Liquidity

IMF Commends Hong Kong for Strong Buffers, Robust Policy Frameworks

By Manesh Samtani | 12/12/2018

Years of prudent macroeconomic policies and robust financial regulation and supervision will help Hong Kong weather possible domestic and external shocks, the IMF says.

Fintech / Regtech

NAB to Migrate Core Banking Systems to Cloud

By Manesh Samtani | 12/12/2018

National Australia Bank plans to migrate more than 300 applications, including some core banking systems, to a public cloud by the end of 2019.

Big Picture

Cyber Risk, Brexit Among Top Threats for 2019 – Survey

By Manesh Samtani | 11/12/2018

Cybersecurity, geopolitical risks and Brexit were found to be the top three risks with possible systemic consequences for 2019, according to a new survey by DTCC.

Market Infrastructure

RBI Governor Resigns Before Term-End, Citing ‘Personal Reasons’

By Garima Chitkara | 11/12/2018

Urjit Patel has resigned from his post as governor of the RBI, citing personal reasons, soon after a public dispute erupted between the central bank and the government.

Capital / Liquidity

PBOC Consults Internally on Draft Rules for Financial Conglomerates – Report

By Editors | 11/12/2018

New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.