Market Infrastructure

Market Infrastructure

APRA Clarifies Accountability Expectations under BEAR in New Paper

By Editors | 18/10/2018

The information paper is aimed at assisting financial institutions to prepare for BEAR implementation, and helping the largest of them refine and embed the regime.

Market Infrastructure

DLT Can Process Peak Equity Trading Volumes – DTCC

By Manesh Samtani | 18/10/2018

The results of the study prove that distributed ledger technology’s performance can scale to meet the needs of markets of different sizes and maturity, says DTCC’s Murray Pozmanter.

Fintech / Regtech

RBI Issues Guidelines Enabling Interoperability Between Payment Systems

By Manesh Samtani | 17/10/2018

E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.

Market Infrastructure

G7 Publishes ‘Fundamental Elements’ for Financial Sector Cyber Resilience

By Editors | 17/10/2018

These include a guide for assessing cyber resilience through threat-led penetration testing, and best practices for managing cyber risk posed by third parties.

Big Picture

ISDA Publishes Updated Template for Close-Out Netting Legislation

By Manesh Samtani | 17/10/2018

Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the “single most important risk mitigation tool in derivatives markets”.

Capital / Liquidity

IFRS 9 Does Not Materially Affect APAC Banks’ Fundamentals – Moody’s

By Manesh Samtani | 16/10/2018

Moody’s says problem loan coverage has improved for many APAC banks, offsetting overall declines in CET1 ratios as a result of IFRS 9.

Market Infrastructure

ACMF Launches Social and Sustainability Bond Standards for ASEAN

By Editors | 16/10/2018

The new standards complement the ASEAN Green Bond Standards introduced last year. A new framework also announced will facilitate cross-border movement of investment advisers.

Capital / Liquidity

RBI Releases Governance, Capital Criteria for CCPs

By Garima Chitkara | 16/10/2018

Foreign CCPs need to adhere to the same governance and capital requirements as domestic CCPs to apply for authorisation from the RBI.

Market Infrastructure

MAS Shelves ‘KYC Utility’ Project as Costs Surpass Expectations

By Editors | 15/10/2018

The setup cost of the KYC utility exceeds the savings banks would be able to achieve, MAS managing director Ravi Menon told Bloomberg.