MARKET INFRASTRUCTURE

    Big Picture

    BigTechs Could Raise Issues for Policymakers: FSB

    By Manesh Samtani | 10/12/2019

    BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.

    Market Infrastructure

    Data Privacy in Asia Pacific: A Fragmented Landscape

    By Sarah Pearce | 10/12/2019

    Asia’s data privacy frameworks remain highly fragmented. But companies cannot be complacent about more onerous laws in other jurisdictions, says Sarah Pearce at international law firm Paul Hastings.

    ESG / Sustainability

    ASEAN Regulators Are Shoring Up Climate Safeguards: WWF

    By Manesh Samtani | 10/12/2019

    In a new report, WWF Singapore says ASEAN financial regulators and banking associations are increasing their expectations on banks to assess and mitigate climate and environmental risk.

    Market Infrastructure

    ISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger

    By Manesh Samtani | 09/12/2019

    ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.

    Market Infrastructure

    ESMA Recognises India’s MCX Clearing Corp as Third Country CCP

    By Editors | 09/12/2019

    The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.

    Market Infrastructure

    MiFID II Has Not Delivered Lower Market Data Costs: ESMA

    By Editors | 09/12/2019

    ESMA is calling for a real-time consolidated tape for equity instruments to improve transparency and remedy the fragmentation in European capital markets.

    Fintech / Regtech

    Japan Probes Barriers Preventing Fintechs Access to Zengin System

    By Editors | 09/12/2019

    Japan’s antitrust agency is looking into how banks decide fees for using the national interbank funds transfer system and whether they present an entry barrier for fintechs.

    Market Infrastructure

    China Raises Foreign Ownership Limit for Insurers to 51pc

    By Editors | 09/12/2019

    The move paves the way for a complete scrapping of the foreign ownership restrictions for insurance joint ventures next year.

    Market Infrastructure

    Australia Reintroduces Mandatory Comprehensive Credit Reporting Bill

    By Editors | 09/12/2019

    The revised Bill introduces a new category of credit reporting information, enabling hardship information to be reported alongside repayment history.

    Crypto / Digital Assets

    Reducing Settlement Cycles – An Asia Pacific Perspective

    By Philippe Dirckx | 09/12/2019

    Should the decision be taken to further reduce the settlement period, a number of challenges will have to be overcome, says Senfinasia founder Philippe Dirckx.

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