Market Infrastructure

    Market Infrastructure

    India Mulls Loosening Norms for New Players in Retail Payments

    By Garima Chitkara | 22/01/2019

    Concerned about the concentration risk posed by the NPCI, the central bank has proposed relaxing some requirements for new firms looking to operate payment systems in India.

    Capital / Liquidity

    Basel Regulators Consider 2020 Initial Margin Relief

    By Manesh Samtani | 21/01/2019

    Although it is still unclear which of the proposals will be adopted, the industry sees the data as so compelling that regulators will recognise the need for some form of relief.

    Market Infrastructure

    HKMA Urges Banks to Foster Sound Culture – Speech

    By Manesh Samtani | 18/01/2019

    In a keynote address this week, HKMA executive director Alan Au discussed the three pillars of bank culture reform, progress at banks, and new initiatives to drive culture reform forward.

    Market Infrastructure

    SGX Lowers Messaging Costs for Market Participants

    By Editors | 17/01/2019

    SGX’s adoption of SWIFT’s CSD Community Offering for financial messaging is expected to reduce messaging costs by 50% for smaller market participants.

    Market Infrastructure

    RBI Eyes Rules to Match CEO Pay to Bank Financial Health

    By Editors | 17/01/2019

    The Reserve Bank of India plans to provide guidance rules to bank boards on setting CEO remuneration, based on certain performance-related metrics.

    Crypto / Digital Assets

    Hong Kong, Luxembourg Sign Mutual Recognition of Funds Agreement

    By Editors | 16/01/2019

    Eligible general equity, bond or mixed funds authorised by the SFC can seek authorisation to be marketed to retail investors in Luxembourg.

    Securities / Derivatives

    FMSB Issues Good Practices for Suspicious Transaction, Order Reporting

    By Editors | 15/01/2019

    The FICC Markets Standards Board has published the final version of its Statement of Good Practice on suspicious transaction and order reporting.

    Market Infrastructure

    Singapore Parliament Passes Payment Services Act

    By Editors | 15/01/2019

    The law represents a framework to streamline payment services regulation in Singapore under a single legislation and bring payment activities under the remit of the MAS.

    Market Infrastructure

    India to Force Foreign Brokers to Store Data Locally

    By Editors | 15/01/2019

    SEBI plans to mandate that data on Indian customers be stored on local servers, or for a real-time backup to be created to enable access from within the country.

    Big Picture

    APAC Capital Markets Set for Rapid Growth in Coming Decade

    By Manesh Samtani | 14/01/2019

    New report from GFMA and New Financial offers policy recommendations to support the growth of deeper and more effective capital markets.

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