Market Infrastructure

Market Infrastructure

Australia Consults on Corporate Structure for Funds

By Manesh Samtani | 20/06/2018

New ‘CCIV’ structure will allow Australia asset managers to market fund products to the rest of Asia, complementing the Asia Region Funds Passport.

Market Infrastructure

Fund Managers Negative on MiFID II Research Unbundling – Report

By Manesh Samtani | 20/06/2018

New RSRCHXchange survey reveals non-European fund managers negative about unbundling requirements, while recognising positive impact for investors; impact expected to be felt Asia within 2-4 years.

Securities / Derivatives

Hong Kong Targets September for OTC Derivatives Margin Rules

By JP Reimann | 20/06/2018

SFC consultation proposes to phase-in IM requirements to avoid market disruption; VM to take effect on 1 September 2019.

Market Infrastructure

The End of IBOR – The Asia Take

By Matthieu Sachot | 19/06/2018

Though uncertainty remains on when LIBOR migration is really going to be due, the earlier the banks set this in motion, the lower the execution risk and cost in the long run. This article highlights the local benchmarking effort in Asia and the key areas banks should have on their roadmap, starting now.

Market Infrastructure

China Proposes Communist Party Unit at Listed Firms

By Garima Chitkara | 18/06/2018

The CSRC has proposed establishing a ‘CCP Unit’ at firms already listed and those looking to list on Chinese stock exchanges, for the purpose of carrying out Party activities.

Fintech / Regtech

MAS 610 a Top Concern for Singapore Banks in 2019 – Report

By Manesh Samtani | 15/06/2018

High granularity data for new reporting regime requires reporting of approx. 300,000 data elements, the top concern for Singapore banks next year, according to Wolters Kluwer survey.

Market Infrastructure

HKMA Adds Two Additional Phases to Cyber Resilience Assessment

By JP Reimann | 14/06/2018

Second phase to cover 60 authorised institutions with higher risk, third phase to cover about 90 remaining institutions; HKMA expressed concern about lack of qualified C-RAF assessors.

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.