Market Infrastructure

Market Infrastructure

Myanmar Allows Local Lending by Foreign Bank Branches

By Editors | 13/11/2018

To date, the 13 foreign banks with branches in Myanmar have only been allowed to lend to foreign entities in the country, and only in foreign currencies.

Market Infrastructure

Amex Affiliate Wins Approval to Enter China Bank Card Market

By Editors | 12/11/2018

The affiliate, 50 percent owned by Amex subsidiaries, will be able to operate a credit card payment network that will allow Amex-branded cards to be used in China.

Fintech / Regtech

MAS, SGX Develop DvP Prototypes for Settlement of Tokenised Assets

By Editors | 12/11/2018

MAS and SGX have developed delivery versus payment capabilities for the settlement of tokenised assets across different blockchain platforms, which they say can help simplify post-trade processes and further shorten settlement cycles in capital markets.

Market Infrastructure

Asia Region Funds Passport: What You Need to Know

By Leo Chen | 12/11/2018

Technology will be critical to address inconsistencies in processes, practices and standards across ARFP-participating jurisdictions, says Calastone’s Leo Chen.

Market Infrastructure

ESMA Proposes Relief from EMIR Clearing Obligation in No-Deal Brexit

By Manesh Samtani | 09/11/2018

In a no-deal Brexit, ESMA’s proposal would give EU firms 12 months to replace UK counterparties in legacy derivative contracts without triggering the EMIR clearing obligation.

Market Infrastructure

Japan to Propose Amendments to Simplify Bank Merger Process

By Mark Pufpaff | 08/11/2018

Prime Minister Shinzo Abe instructed ministers to propose amendments to existing laws to simplify consolidation of regional banks, many of which are struggling to maintain profitability.

Market Infrastructure

DTCC Enters Test Phase on DLT Project for Credit Derivatives

By Manesh Samtani | 08/11/2018

The initiative to re-platform DTCC’s Trade Information Warehouse will “revolutionise the derivative industry’s credit market infrastructure”, says DTCC’s Chris Childs.

Market Infrastructure

APRA Finalises Standards on Information Security Management

By Editors | 07/11/2018

The prudential standard is aimed at boosting the resilience of APRA-regulated entities and ensuring their ability to respond to breaches swiftly and effectively.

Market Infrastructure

GDPR and Hong Kong’s PDPO: Are They So Different?

By Peter Lancos | 06/11/2018

Hong Kong’s data privacy ordinance is conceptually similar to GDPR, but perhaps with ‘smaller teeth’, say Peter Lancos and Jennifer Boyse at Exate Technology.