Market Infrastructure

Market Infrastructure

PBOC Confirms Financial Sector ‘Opening up’ Plans

By Samuel Riding | 14/04/2018

Governor Yi Gang confirms there will eventually be no limits on foreign ownership of financial institutions; quadruples Stock Connect quotas.

Fintech / Regtech

HKMA, HKEX Adopt New Messaging Standard

By Editors | 13/04/2018

Monetary authority and stock exchange to use messaging system across cross-border payments and remittances, support ‘open banking’.

Market Infrastructure

Exempt Post-trade Risk Reduction Services from EMIR Clearing Obligations – ISDA

By Garima Chitkara | 12/04/2018

ISDA white paper touts compression and counterpart rebalancing as “crucial” post-trade risk management tools that should be exempt from clearing obligations under EMIR.

Market Infrastructure

China to Introduce National Financial Database in Fight Against Systemic Risk

By Garima Chitkara | 12/04/2018

China looking to build a national database of financial products and institutions in order to improve monitoring and supervision and fend off systemic financial risk.

Market Infrastructure

India to Level Playing Field Through ‘Managed Co-location Services’

By Garima Chitkara | 12/04/2018

SEBI asks exchanges to provide technical know-how and expertise to small traders that buy their co-location services in order to level the playing field among exchange members.

Market Infrastructure

CPMI-IOSCO Publish Multi CCP Stress Testing Framework

By Editors | 12/04/2018

Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.

Enforcement

Samsung Securities Dividend Error Prompts Industry Wide Probe

By Manesh Samtani | 12/04/2018

The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by employees.

Market Infrastructure

CPMI-IOSCO Issues Technical Guidance on OTC Derivatives Data

By Manesh Samtani | 12/04/2018

Guidance excludes UTI and UPI standards, includes parameters for how data should be reported rather than specific regulatory requirements.

Market Infrastructure

India Defers Bank Adoption of New Accounting Standard One Year

By Garima Chitkara | 09/04/2018

RBI defers banks’ adoption of the Indian version of IFRS by one year; banks deemed unprepared for migration, government is yet to make necessary legislative amendments.