Market Infrastructure

Capital / Liquidity

RBI Defers Mandatory Pegging of Loan Rates to External Benchmarks

By Editors | 08/04/2019

The RBI has deferred a requirement for banks to link loan rates to external benchmarks, citing difficulties the change presents to banks’ interest rate risk management.

Market Infrastructure

ASEAN Pushes for Cross-Border Settlement in Local Currencies

By Editors | 08/04/2019

ASEAN central bankers are setting up direct settlement systems that use local currencies, in a bid to reduce transaction costs and exposures to global volatility.

Securities / Derivatives

Merger Benefits Diminished Under Existing JPX-TOCOM Plan

By Editors | 07/04/2019

The current plan to keep crude oil and petroleum products on TOCOM will diminish the benefits of the planned merger with JPX.

Market Infrastructure

Supervisors Should Avoid Fragmenting Clearing Ecosystem – Report

By Editors | 07/04/2019

A report from the World Federation of Exchanges and Oliver Wyman urges supervisors to ensure outstanding CCP reforms are implemented in line with agreed principles to avoid fragmentation.

Market Infrastructure

Japan FSA Issues Proposal to Tighten Regional Bank Oversight

By Editors | 04/04/2019

The FSA will stress tests regional banks and force weaker lenders to take action to improve profitability, replace their management, or merge.

Market Infrastructure

Fullerton Wins Approval to Offer Investment Advisory in China

By Editors | 04/04/2019

Fullerton has become the first foreign fund manager to receive approval for its WFOE to conduct onshore investment advisory business in China.

Big Picture

Talking Disintermediation by DLT with DTCC’s Rob Palatnick

By Manesh Samtani | 04/04/2019

Regulation Asia sat down with DTCC’s Rob Palatnick to discuss his views on how far DLT will go in disintermediating the financial industry.

Market Infrastructure

APRA Consults on Financial Sector Shareholdings Rules

By Editors | 03/04/2019

The proposed rules set out the matters that must be considered in determining if a person is “fit and proper” to own 20% or more in an ADI, life insurer or general insurer.

Fintech / Regtech

APRA to Implement New Data Reporting System in March 2020

By Editors | 03/04/2019

APRA says in its initial implementation plan that entities must start ensuring their readiness for the new system now, as there is only a one year timeline for implementation.