Market Infrastructure

Stock exchanges, depositories and clearing corporations must have in place business continuity plans and disaster recovery policies that ensure 'zero data loss'

A new report reveals that the rise of automated orders has not resulted in a systematic increase in end-of-day price volatility over a 6 year period.

JP Morgan and Nomura have been given regulatory approval to set up new majority owned securities joint ventures in China.

The HKMA – in collaboration with the HKIB and banking sector – has published a new framework aimed at enhancing professional competencies in the credit risk management function.

Overseen by APRA, a group of industry players – including the big four banks – are looking to reshape the financial system to ensure readiness for climate risks.

A Standard Life Aberdeen joint venture is the first foreign funded insurer authorised to participate in the pensions sector, which to date has been dominated by 8 domestic firms.

TOCOM will become a wholly-owned subsidiary of JPX, and together they will launch a consolidated exchange for stocks, financial and commodity derivatives by September 2020.

The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.

MAS emphasises incentive structures as the key to driving ethical behaviour and encourages banks to adopt good practices highlighted in a new information paper.

APRA chairman Wayne Byres says banks could lose their power to set executive pay if they are not more proactive about changing remuneration practices.