Market Infrastructure

Market Infrastructure

ASIC Issues Guidance on Managing LIBOR-related Conduct Risk

By Editors | 30/11/2020

The new guidance is aimed at assisting entities in establishing necessary arrangements to mitigate conduct risk associated with the discontinuation of LIBOR.

Securities / Derivatives

Japan FSA Orders JPX, TSE to Improve Following Market Outage

By Editors | 30/11/2020

TSE President and CEO Koichiro Miyahara has resigned to take responsibility for a system failure that caused a full-day market closure in October.

Fintech / Regtech

NZX to Create Industry Working Group on Capital Markets Technology

By Editors | 30/11/2020

The working group will develop a roadmap to solve for New Zealand’s lack of scale and geographic isolation through the use of technology.

Market Infrastructure

HKEX Announces Stock Connect Expansion Arrangements

By Manesh Samtani | 29/11/2020

Pre-revenue biotech companies listed on Hong Kong’s Main Board will be included from 27 December. SSE STAR Market stocks will be included in early 2021.

Market Infrastructure

Australia Gets New Guidance for Internal Auditors in Financial Services

By Editors | 29/11/2020

The Better Practice Guide was developed by industry practitioners with APRA and ASIC serving as vocal observers and EY and KPMG providing secretariat support.

Market Infrastructure

Indonesia Prepares to Launch Sovereign Wealth Fund

By Manesh Samtani | 29/11/2020

Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia’s 1MDB scandal still looms large in the minds of global investors.

Uncategorised

Myanmar Launches New Interbank Payment, Settlement System

By Sanday Chongo Kabange | 29/11/2020

Modelled after Japan’s national payment system, the new system is expected to enhance straight-through processing between the central bank and FIs.

Market Infrastructure

DSB Calls for Asian Members to Join Product Committee

By Editors | 29/11/2020

The DSB seeks to expand its Product Committee membership to include more OTC derivatives users from Asia to further broaden industry collaboration geographically.

Enforcement

Prosecutors Assess Whether EY Acted Criminally During Wirecard Audits

By Editors | 29/11/2020

Germany’s audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.