MARKET INFRASTRUCTURE

Enforcement

S.Korea to Tighten Financial Holding Company Governance Rules

By Editors | 18/03/2018

Financial regulator says it will toughen rules on appointments amid corporate governance concerns re excessive influence, lack of innovation.

Market Infrastructure

Malaysia Establishes Working Group to Digitise Brokerage Industry

By Garima Chitkara | 18/03/2018

The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.

Fintech / Regtech

MAS to Streamline Data Submissions, Reduce Burden for FIs

By Editors | 16/03/2018

Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.

Market Infrastructure

India Bans Bank Issuance of Key Trade Finance Instrument

By Manesh Samtani | 16/03/2018

An estimated $10bn in LoUs will need to be wound down within three months, forcing banks to rebalance assets and liabilities.

Market Infrastructure

Myanmar Central Bank Pushes for New Moveable Assets Law

By Garima Chitkara | 15/03/2018

A moveable asset finance law would enable banks to accept collateral other than real estate such as stock, equipment and receivables.

Market Infrastructure

MAS to Weigh in on Bank HR Practices

By Samuel Riding | 15/03/2018

Advisory group will develop best practices for the industry, including more inclusive, skills-based hiring policy.

Market Infrastructure

SGX to Merge OTC, Exchange Derivatives into Single Risk Class for Clearing Fund

By Samuel Riding | 14/03/2018

Move follows MAS consultation on moving all OTC derivatives contracts onto organised markets.

Fintech / Regtech

BIS, CPMI Report Outlines Dangers of Central Bank Digital Currencies

By Manesh Samtani | 14/03/2018

Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.

Market Infrastructure

China Banking, Insurance Regulators Set to Merge

By Manesh Samtani | 14/03/2018

The merger will eliminate inefficiencies and regulatory overlap; rule making powers and prudential supervision responsibilities will transfer to China’s central bank.