Market Infrastructure

Market Infrastructure

FIA Updates CCP Risk Management Framework After Nasdaq Member Default

By Garima Chitkara | 29/11/2018

The industry body has updated its 2015 framework for CCP risk management to include more robust and transparent margining and higher skin in the game.

Market Infrastructure

ISDA Releases Preliminary Results on Benchmark Fallbacks Consultation

By Garima Chitkara | 28/11/2018

ISDA will likely look to the ‘compounded setting in arrears rate’ and the ‘historical mean/median approach’ to spread adjustment for RFRs that will replace discontinued IBORs.

Capital / Liquidity

S. Korean Financial Holding Companies Opposed to Bail-in Regime

By Editors | 28/11/2018

The financial holding companies say that a bail-in regime could lead to lower credit ratings and higher bank funding costs, based on an implied reduction in government support during a crisis.

Market Infrastructure

SEBI Issues Guidelines on Clearing Corporation Interoperability

By Editors | 28/11/2018

India’s clearing corporations will have to enter into agreements establishing links between each other, as well as links to each trading venue, to operationalise the framework by June 2019.

Market Infrastructure

HKIFA Seeks Loosening of HK-China MRF Restrictions

By Editors | 27/11/2018

The industry association has been working with EY on proposals aimed at making it easier to distribute Hong Kong-based funds into China through the mutual recognition scheme.

Market Infrastructure

Indonesia Moves to T+2 Stock Settlement

By Editors | 27/11/2018

Indonesia becomes the second Southeast Asian country to implement T+2 settlement, in a move that is expected to improve liquidity, reduce settlement risk and boost foreign participation.

Enforcement

Macquarie Emerges from Royal Commission Unscathed

By Manesh Samtani | 26/11/2018

Macquarie seen as the first responsible corporate role model in the nine months since banking royal commission public hearings began.

Market Infrastructure

FSB Releases Data Framework on Bank Compensation Practices

By Garima Chitkara | 26/11/2018

The FSB has recommended a data framework for national regulators to assess bank compensation policies and practices in regard to misconduct risk.

Capital / Liquidity

Singapore Banking System Can Withstand Severe Shocks – MAS

By Manesh Samtani | 26/11/2018

The MAS financial stability review says asset quality is improving despite loan growth, and banks continue to maintain healthy provisioning and liquid assets “well above regulatory requirements”.