Market Infrastructure

The introduction of a consolidated tape and enhancements to investor protection are high priority items in the review.

The updated MoU substitutes references to EU legislation with the relevant UK law, pursuant to the UK's exit from the EU on 31 January.

New payments connectivity between the two countries is expected to promote trade, tourism, financial inclusion, and the usage of local currencies in cross-border transactions.

High leverage in the corporate sector make it essential to improve the ability of equity markets to strengthen corporate balance sheets and support long-term investments.

New legislation to establish an effective fair conduct regime for the financial sector has passed its first reading in New Zealand.

ESMA says BMR's wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.

A new CCP12 paper highlights a lack of transparency in the amount of collateral posted in bilateral markets, which is needed to more accurately assess liquidity requirements and latent risks.

The actions being taken to combat the novel coronavirus are reportedly "very close" to those taken in a simulated exercise last October, which involved a pandemic, cyberattack and telecoms breakdown.

MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.

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