Market Infrastructure

Basel III and OTC derivatives reforms were on track and broadly achieving their intended goals. High public debt and rising non-bank financial intermediation remain a focus area for the FSB.

The industry body has updated its 2015 framework for CCP risk management to include more robust and transparent margining and higher skin in the game.

ISDA will likely look to the 'compounded setting in arrears rate' and the 'historical mean/median approach' to spread adjustment for RFRs that will replace discontinued IBORs.

The financial holding companies say that a bail-in regime could lead to lower credit ratings and higher bank funding costs, based on an implied reduction in government support during a crisis.

India's clearing corporations will have to enter into agreements establishing links between each other, as well as links to each trading venue, to operationalise the framework by June 2019.

The industry association has been working with EY on proposals aimed at making it easier to distribute Hong Kong-based funds into China through the mutual recognition scheme.

Indonesia becomes the second Southeast Asian country to implement T+2 settlement, in a move that is expected to improve liquidity, reduce settlement risk and boost foreign participation.

Macquarie seen as the first responsible corporate role model in the nine months since banking royal commission public hearings began.

The FSB has recommended a data framework for national regulators to assess bank compensation policies and practices in regard to misconduct risk.

The MAS financial stability review says asset quality is improving despite loan growth, and banks continue to maintain healthy provisioning and liquid assets "well above regulatory requirements".