MARKET INFRASTRUCTURE

Capital / Liquidity

Moody’s Takes Ratings Actions on Nineteen Chinese Banks

By Garima Chitkara | 31/05/2018

Banks like Bank of China, Agriculture Bank of China, BOCOM and ICBC received upgrades on the back of an upgrade to China’s macro profile.

Market Infrastructure

Vietnam to Adopt IFRS Starting This Year

By Garima Chitkara | 31/05/2018

Vietnam to phase in IFRS standards starting this year until 2020 through the adoption of ten to twenty standards deemed appropriate for implementation.

Market Infrastructure

SEBI to Investigate Technical Glitches at NSE, MCX

By Garima Chitkara | 31/05/2018

SEBI has sought a report from both the exchanges to understand the causes of the glitches that led to trading disruptions and the booking of duplicate trades.

Market Infrastructure

Regulators to the Rescue: MAS and the Drive to Ease the Data Reporting Burden

By Swati Kothari | 30/05/2018

MAS has unveiled its roadmap for the transformation of the collection of data from financial institutions. And while there may be clear benefits, providing all data in machine readable format by MAS’ planned deadline will be challenging.

Market Infrastructure

PBOC Launches Financial Statistics Inspections at Banks, NBFIs

By JP Reimann | 30/05/2018

Six-month central bank inspections to focus on quality of financial information as part of plan to unify statistical management operational mechanisms.

Market Infrastructure

MAS, HKMA Commit to FX Global Code

By Editors | 30/05/2018

Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.

Securities / Derivatives

S. Korea Announces Measures to Prevent Stock Trade Errors

By Manesh Samtani | 29/05/2018

Measures to prevent repeat of Samsung Securities dividend payout error include new real-time monitoring system, tighter controls at securities firms, tougher penalties.

Enforcement

Malaysia Adopts FSPB Professional Code for Finance Industry

By JP Reimann | 28/05/2018

The code aims to instil core minimum standards of conduct, enhance confidence, promote sustainability across financial sector by promoting strong culture of professionalism.

Market Infrastructure

Australia to Adopt New Global Banking Ethics Standard

By Garima Chitkara | 28/05/2018

Financial Services Institute of Australia supporting implementation of seven key recommendations including ethical principles for professional bankers and ethics education and training programmes.