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Market Infrastructure
Regulatory Change Aggravated the CITIC-CLSA Culture Clash
By Peter Guy | 28/05/2019
Though the CLSA-CITIC fallout was characterised as a cultural clash, this narrative frays against the other challenges facing stock brokers and investment bankers, says Peter Guy.
Market Infrastructure
Decline in Correspondent Banking is Universal – CPMI
By Editors | 28/05/2019
Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.
Market Infrastructure
S. Korea FSC Rejects Remaining Internet-Only Bank Applicants
By Editors | 27/05/2019
The FSC will accept applications again during Q3 this year. Kiwoom Bank and Toss Bank can address their shortcomings and resubmit their applications.
Capital / Liquidity
RBI Proposes Liquidity Risk Management Norms for NBFCs
By Editors | 27/05/2019
Under the draft rules, NBFCs will have to meet to a 60% LCR requirement from April 2020, increasing each year to the full 100% LCR in April 2024.
Securities / Derivatives
Sino-Japan ETF Connect Launched; Six Cross-Border ETFs Approved
By Editors | 27/05/2019
The announcement follows an ETF Connectivity Agreement signed by JPX and the SSE last month, where both agreed to establish an system for cross-listings of ETFs.
Capital / Liquidity
UPDATED – PBOC, CBIRC Take Control of Inner Mongolia Bank
By Editors | 27/05/2019
The PBOC and CBIRC have said they are taking control of Baoshang Bank, a small privately-owned bank whose owner disappeared two years ago.
Capital / Liquidity
BCBS 239 – What Lies Ahead?
By Irene Liu | 27/05/2019
There is clear fatigue in the industry around BCBS 239 compliance, but the exercise has also enabled other capabilities, say PwC’s Irene Liu, David Yakowitz and Catherine Lee.
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.
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