Market Infrastructure

Fintech / Regtech

MAS: 14 of 21 Digital Bank Applicants Assessed as ‘Eligible’

By Editors | 18/06/2020

These applicants assessed as eligible will progress to the next stage of assessment, where they will be invited to present their proposals via virtual meetings.

Market Infrastructure

HKEX to Launch Sustainable Finance Information Platform, ‘STAGE’

By Manesh Samtani | 18/06/2020

Initially, ‘STAGE’ will host information on the 44 green bonds and two ESG-related ETFs listed in Hong Kong. Over time, it could expand to include equities, overseas products, and derivatives.

Market Infrastructure

Australia Allows Advisers More Time to Meet Exam Requirement

By Editors | 18/06/2020

Advisers would have had until the end of this year to complete the new Financial Adviser Standards and Ethics Authority exam. A newly-passed bill allows an extra year to do so.

Market Infrastructure

Leveraging Technology and Hong Kong’s Unique Position to Manage Risk

By John Killian | 18/06/2020

Hong Kong markets have continued to operate resiliently, due in large part to the emphasis HKEX places on risk management, says Group Risk Officer John Killian.

Enforcement

ASIC Guidance Sets Out Scope of Product Intervention Powers

By Editors | 18/06/2020

The product intervention power allows ASIC to respond to harms in the financial sector, but it must consult with affected persons before each use of the power.

Market Infrastructure

Eurex Clears its First Interest Rate Swaps from Japan

By Editors | 17/06/2020

The FSA granted Eurex Clearing a licence as a foreign financial instruments clearing organisation in March, allowing it to offer clearing services in Japan.

Market Infrastructure

FMA Sets Out Full Licence Conditions for NZ Financial Advisers

By Editors | 17/06/2020

In a consultation paper, the FMA specifies three distinct classes of financial advice provider licences, to allow applicants to apply for the licence that best suits their circumstances and business structures.

Market Infrastructure

BOJ Expands Coronavirus Lending Programme to Over $1tr

By Editors | 16/06/2020

BOJ governor Haruhiko Kuroda indicated that the total size of the programme could rise further, particularly if a second wave of Covid-19 infections emerges.

Securities / Derivatives

US Federal Reserve Launches Bond-Buying Programme

By Manesh Samtani | 16/06/2020

A step not taken during the 2008 GFC, the Fed has started to buy corporate bonds in the secondary market, in a bid to support market liquidity and ensure credit availability.