Market Infrastructure

Market Infrastructure

Technology to ‘Transform’ a Third of Singapore Finance Jobs – Study

By Editors | 24/04/2019

The main effect of technology will be to “transform” jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.

Market Infrastructure

China, Japan Sign Agreement to Facilitate ETF Cross-Listings

By Editors | 23/04/2019

The Shanghai Stock Exchange and Japan Exchange Group have signed an ETF Connectivity Agreement to streamline investment in the each other’s markets.

Market Infrastructure

China Delays Data-Onshoring Rules Until After US Trade Talks

By Editors | 23/04/2019

China’s Cyber Security Law requires firms to keep personal and ‘important data’ onshore, but uncertainties around the rules and implementation timeline remain.

Big Picture

Central Banks Call for Collective Action to Mitigate Climate Risks

By Editors | 23/04/2019

The Central Banks and Supervisors ‘Network for Greening the Financial System’ has published a report providing recommendations to mitigate climate-related financial risks.

Crypto / Digital Assets

Korean FIs Should Strengthen Ties with ASEAN Countries – FSS

By Editors | 22/04/2019

FSS first senior deputy governor Yoo Kwang-yeol in a closed door meeting told Korean financial institutions with units in Southeast Asian countries to offer more localised financial services.

Market Infrastructure

ISDA, FIA Respond to Singapore, Australia BMR Equivalence

By Manesh Samtani | 19/04/2019

The associations say a preferred approach would be to recognise Singapore’s and Australia’s regimes as a whole rather than the current benchmark-by-benchmark approach.

Market Infrastructure

Settlement Workflow Needs to be Fully Automated – DTCC

By Editors | 18/04/2019

Settlement processes are attracting more attention as regulators require shorter and more certain settlement, with potential penalties for noncompliance.

Fintech / Regtech

South Korea to Debut Open Banking in December

By Editors | 17/04/2019

Following two months of industry deliberation, the FSC has said the new open banking system will be piloted in October, and fully implemented in December.

Market Infrastructure

Global Financial Market Integration Requires More Policy Work

By Manesh Samtani | 17/04/2019

Additional policy work is needed to level the playing field for internationally active entities, according to Financial Stability Institute chairman Fernando Restoy.