Market Infrastructure

Japan, Thailand, Australia ready to receive applications from prospective ARFP funds; New Zealand, S. Korea making progress on legal and regulatory requirements.

The proof-of-concept will enable gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation for on trade platforms.

Only 6% of global cyber insurance premiums come from APAC, said MAS division head Elean Chin at the launch of a new report which reveals the inadequacy of cyber risk preparedness.

The MAS is allowing an extra six months for compliance with its e-payments user protection guidelines, following requests from banks for more time to implement system changes.

The Bloomberg Barclays Global Aggregate Index will phase in Chinese government bonds and policy bank securities over 20 months, starting from April 2019.

New rules propose consolidating the QFII and RQFII into a single scheme, expanding the scope of investment products allowed and easing qualifying requirements for applicants.

SEBI regulations may need to be vetted through a separate independent committee constituted by the Ministry of Finance before being passed to the regulator's own board for approval.

Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.

Two of JPMorgan's Hong Kong funds have been approved for distribution in China under the Mutual Recognition of Funds scheme.

The CSRC says the move demonstrates China’s active promotion of the CPMI-IOSCO Principles for Financial Market Infrastructures and its intent to internationalise its futures markets.