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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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