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Market Infrastructure
FSB Seeks Feedback on Effects of Too-Big-To-Fail Reforms
By Editors | 27/05/2019
The FSB is asking if too-big-to-fail reforms have reduced the systemic and moral hazard risks associated with SIBs, and if they affect the functioning of overall the financial system.
Market Infrastructure
Myanmar Allows Foreign Banks to Set Up Local Subsidiaries
By Editors | 25/05/2019
Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
Securities / Derivatives
India INX Allows Direct Trading on LME, ICE, Eurex, Euronext
By Editors | 24/05/2019
The first trade on the LME from India INX took place on 21 May, in copper.
Enforcement
Japan FSA to Issue Improvement Order Against Nomura
By Editors | 24/05/2019
The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.
Market Infrastructure
MAS, ABS Form Culture and Conduct Steering Group
By Garima Chitkara | 23/05/2019
The steering group will identify best practices, monitor trends and emerging issues, and collaborate on initiatives to promote strong culture and conduct.
AML / KYC
Hong Kong, China Framework Comparison – KYC Standards
By Prasanna Venkatesan | 23/05/2019
Given the similarities between Hong Kong and China’s KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.
Market Infrastructure
Japan T+2 Settlement to Start on 16 July
By Editors | 23/05/2019
T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.
Market Infrastructure
New Directive for Indian AMCs a Boost for Offshore Fund Flows
By Editors | 23/05/2019
Indian asset management companies serving offshore funds as advisers will now be entitled to tax benefits which will enable them to take up direct fund management of offshore funds.
ESG / Sustainability
Japan TCFD Consortium Set for 27 May Inauguration
By Editors | 22/05/2019
The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.
Market Infrastructure
New Structured Finance Transactions Face LIBOR Transition Risks
By Garima Chitkara | 22/05/2019
New covered bonds and securitisation deals face basis and transition risks due to the end of LIBOR in 2021.
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