Market Infrastructure

Market Infrastructure

China Approves JP Morgan, Nomura Securities Joint Ventures

By Editors | 01/04/2019

JP Morgan and Nomura have been given regulatory approval to set up new majority owned securities joint ventures in China.

Market Infrastructure

HKMA Ups the Competency Bar for Credit Risk Management

By Editors | 31/03/2019

The HKMA – in collaboration with the HKIB and banking sector – has published a new framework aimed at enhancing professional competencies in the credit risk management function.

ESG / Sustainability

Australian Financial Sector Teams Up on Climate Initiative – Report

By Editors | 30/03/2019

Overseen by APRA, a group of industry players – including the big four banks – are looking to reshape the financial system to ensure readiness for climate risks.

Market Infrastructure

China Approves First Foreign Funded JV for Pensions Business

By Editors | 30/03/2019

A Standard Life Aberdeen joint venture is the first foreign funded insurer authorised to participate in the pensions sector, which to date has been dominated by 8 domestic firms.

Market Infrastructure

JPX, TOCOM Enter Basic Agreement to Merge by October

By Editors | 29/03/2019

TOCOM will become a wholly-owned subsidiary of JPX, and together they will launch a consolidated exchange for stocks, financial and commodity derivatives by September 2020.

Fintech / Regtech

S. Korea FSC Receives Three Applications for Internet-Only Banks

By Editors | 29/03/2019

The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.

Market Infrastructure

The MAS Approach to Cultivating Ethical Culture in Banking

By Manesh Samtani | 29/03/2019

MAS emphasises incentive structures as the key to driving ethical behaviour and encourages banks to adopt good practices highlighted in a new information paper.

Enforcement

APRA May Intervene to Shift Bank Remuneration Practices

By Editors | 28/03/2019

APRA chairman Wayne Byres says banks could lose their power to set executive pay if they are not more proactive about changing remuneration practices.

Market Infrastructure

CFTC Approves Margin Comparability Determination for Australia

By Editors | 28/03/2019

Despite some differences between its own rules and Australia’s regime for uncleared swaps margining, the CFTC has determined that the end result is the same.