Market Infrastructure

Market Infrastructure

HKMA Finalises New Reporting Form for Consolidated Accounts

By Editors | 17/11/2020

The new Return of Consolidated Accounts will help the HKMA monitor banking sector developments and strengthen the consolidated supervision of locally incorporated banks.

Market Infrastructure

Thailand to Stop Issuing THBFIX Loans, Debt from July 2021

By Editors | 17/11/2020

All financial institutions will stop offering new loans and debt securities which reference THBFIX from 1 July 2021, Bank of Thailand says.

Market Infrastructure

ASIC Flags Concerns Over Further Infrastructure Issues at ASX

By Editors | 17/11/2020

Following a near-full day market closure, data issues prevented ASX from displaying Chi-X bids and offers on its Centre Point matching system.

ESG / Sustainability

FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead

By Manesh Samtani | 17/11/2020

In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.

Market Infrastructure

Practical Tips for Compliance with Singapore’s IAC Guidelines

By Shuhui Kwok | 17/11/2020

Shuhui Kwok at Allen & Overy provides practical tips for FIs to consider when assessing the IAC Guidelines, their application and implementation.

Fintech / Regtech

BSP, MAS Declare Opposition to Data Localisation Requirements

By Editors | 16/11/2020

Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.

Capital / Liquidity

FSB Finalises Guidance on Assessing CCP Financial Resources

By Editors | 16/11/2020

The guidance will support jurisdictions and authorities in determining whether there is a gap in the resources and tools available for CCP resolution.

Market Infrastructure

HKEX Proposes Revamp of Hong Kong IPO Settlement Process

By Manesh Samtani | 16/11/2020

Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1.

Market Infrastructure

FSC Korea Moves to Prevent Accumulation of Household Debt

By Editors | 16/11/2020

Banks will be subject to a monthly inspection to assess their unsecured lending practices; the government will reduce the maximum legal lending rate from 24% to 20%.