MARKET INFRASTRUCTURE

    Market Infrastructure

    KRX May Face CFTC Penalty for Violating CCP Rules – Report

    By Editors | 21/12/2018

    Korean media reports indicate the CFTC may take action against KRX as early as this month in response to its failures to comply with regulations for CCPs.

    Market Infrastructure

    European Commission Unveils No-Deal Brexit Contingency Plan

    By Manesh Samtani | 21/12/2018

    The 14-point plan includes conditional equivalence for UK CCPs and CSDs as well as delegated regulations to facilitate the novation of OTC derivatives contracts.

    Market Infrastructure

    All SWIFT Banks to Adopt gpi Payments by End-2020

    By Editors | 20/12/2018

    Over half of SWIFT’s cross border traffic now goes through as gpi payments, with full adoption by its 10,000 member banks expected by end-2020.

    Market Infrastructure

    HKMA to Require Banks to Report on Culture Reform

    By Editors | 20/12/2018

    First phase of bank culture self-assessments will cover about 30 institutions, including all major retail banks and selected foreign bank branches.

    Securities / Derivatives

    SEBI Amends Risk Management Framework for Equity Derivatives

    By Editors | 19/12/2018

    Initial margins must be collected before the next trading day (T+0), but CCPs may allow 2 days after the last margin collection before close-out of equity derivative positions.

    Market Infrastructure

    Post-Crisis Reforms Need Recalibration for Repo Markets – GFMA, ICMA

    By Manesh Samtani | 17/12/2018

    A new report calls on the FSB and BCBS to review and recalibrate post-crisis prudential standards in relation to their impacts on repo and securities lending markets.

    Market Infrastructure

    Hong Kong Faces Skills Shortage in Fintech, Cybersecurity – Survey

    By Editors | 17/12/2018

    Fintech and cybersecurity were viewed as the areas with the largest skills shortage, followed by a skills gap in regulatory and compliance knowledge.

    Capital / Liquidity

    Myanmar’s First Credit Bureau to Become Operational Within a Year

    By Editors | 17/12/2018

    Using software from Equifax, the new credit bureau will enable lenders to use credit histories to calculate bad debt risk and potentially lower the need for collateral.

    Capital / Liquidity

    KDIC to Enhance Defences Against Defaults by Financial Firms

    By Editors | 14/12/2018

    The Korea Deposit Insurance Corp will upgrade its risk assessment and monitoring system in 2019 to protect against the credit risks of financial firms.

    Market Infrastructure

    Plans to Launch HK-China ETF Connect Put on Hold – Report

    By Editors | 14/12/2018

    Trading and settlement issues will require “a very long period of discussion” to resolve, according to SFC chairman Tim Lui, adding that the focus will shift to enabling ETF cross listings.

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