MARKET INFRASTRUCTURE

Market Infrastructure

Industry-wide Collaboration Needed to Combat Cyber Threat – DTCC

By Manesh Samtani | 14/06/2018

DTCC Chief Security Officer Stephen Scharf says traditional focus on preventative measure at individual firm level are no longer enough; closer collaboration is needed to develop collective response and recovery plans.

Capital / Liquidity

Taiwan To Ease M&A Rules For Financial Holding Companies

By Garima Chitkara | 14/06/2018

New rules lower the threshold for initiating a tender offer from 25 percent to 10 percent; new rules to only apply to private-sector firms.

Enforcement

FS-ISAC Establishes Global Forum for Cyber Threat Information Sharing

By Garima Chitkara | 14/06/2018

Inaugural global community CERES Forum to bring together financial regulators, central banks and supervisors to combat cyber and physical crime, enhancing financial sector resiliency.

Market Infrastructure

S. Korea Passes Bill Enabling Asia Regional Funds Passport

By Garima Chitkara | 13/06/2018

Korean cabinet approves amendments to its capital markets law to allow funds passporting between the five signatory countries; FSC to begin making preparations for scheme launch in 2019.

Market Infrastructure

SEBI Mulls Allowing Indian Firms to List Shares Overseas

By Garima Chitkara | 13/06/2018

Securities regulator considering allowing Indian firms to directly list equity abroad and foreign firms to list in India.

Market Infrastructure

Australia Completes Financial Benchmark Reform

By Garima Chitkara | 13/06/2018

Reform process completed with the passage of a licensing regime for financial benchmarks as well as new calculation methodology for key interbank rate.

Market Infrastructure

Hong Kong, Japan to Cooperate on Commodity Market Development

By Manesh Samtani | 12/06/2018

HKEX and Tokyo Commodity Exchange MoU to promote cooperation through information exchanges, staff exchanges, product development and joint promotion.

Market Infrastructure

Data Driven Regulatory Regimes Challenge Bank Workflows – Report

By Manesh Samtani | 12/06/2018

Wolters Kluwer research says legacy systems no longer fit for purpose; most firms plan to integrate data in regulatory workflows despite low confidence in data quality.

Market Infrastructure

China Consults on Financial Sector Foreign Investment Caps Removal

By Garima Chitkara | 11/06/2018

CBIRC says it will on remove caps on foreign investment in domestic banks and asset management companies and do away with special rules for foreign investors in China.