Market Infrastructure

Only China, Hong Kong, Japan and Singapore are fully consistent with all nine IOSCO principles on suitability requirements for the distribution of complex financial products.

A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.

In its latest assessment of ASX’s clearing and settlement facilities, the RBA says the facilities need to strengthen their legal basis to access general business risk capital.

New legislation to implement the regime is expected by year-end, empowering the FMA with stronger enforcement tools and the ability to impose higher penalties for conduct breaches.

CLO losses experienced by non-bank investors such as hedge funds and insurance companies could present risks to banks, the BIS says in its quarterly review.

While the WFE welcomes the CFTC proposals as a step towards reducing regulatory fragmentation, it says they can be made more risk-sensitive and better tailored to today’s markets.

Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.

The national social security fund will be used primarily to make up pension shortfalls, using capital from centrally-administered SOEs, including financial institutions.

In a joint statement, the SEC, CFTC and FCA have pledged to work together to address “opportunistic strategies" that harm the credit derivatives market.

Firms must establish resilience as a business-owned strategic initiative, and be willing to prioritise business resilience over efficiency in some cases, says a new DTCC whitepaper.