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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.
Market Infrastructure
CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing
By Editors | 29/11/2020
The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.
Big Picture
HKIMR Offers Suggestions to Develop Hong Kong Green Bond Market
By Shruti Khairnar | 27/11/2020
To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.
Fintech / Regtech
MAS On Track to Award Digital Bank Licences by Year-End
By Manesh Samtani | 26/11/2020
Regulatory changes impacting some of the Chinese digital bank applicants are unlikely to have an impact on the granting of the new licences in Singapore.
Securities / Derivatives
HKEX Outlines Derivatives Market Enhancements for 2021
By Editors | 26/11/2020
Market participants who plan to trade or clear selected derivatives contracts during Hong Kong public holidays will be asked to demonstrate technical readiness.
Market Infrastructure
APRA Unveils Details of New Cyber Security Strategy
By Manesh Samtani | 26/11/2020
Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.
Market Infrastructure
MAS Announces Measures to Develop Financial Sector Workforce
By Editors | 26/11/2020
MAS will launch a new Work-Study Support Programme to develop job-ready graduates and extend the Training Allowance Grant for company-sponsored trainees by six months.
Market Infrastructure
Australia Concludes Review of Retirement Income System
By Editors | 26/11/2020
The review signals little urgency to increase compulsory employer superannuation payments, as legislated, to 12 percent by 2025.
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