Market Infrastructure

Market Infrastructure

New Directive for Indian AMCs a Boost for Offshore Fund Flows

By Editors | 23/05/2019

Indian asset management companies serving offshore funds as advisers will now be entitled to tax benefits which will enable them to take up direct fund management of offshore funds.

ESG / Sustainability

Japan TCFD Consortium Set for 27 May Inauguration

By Editors | 22/05/2019

The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.

Market Infrastructure

New Structured Finance Transactions Face LIBOR Transition Risks

By Garima Chitkara | 22/05/2019

New covered bonds and securitisation deals face basis and transition risks due to the end of LIBOR in 2021.

Market Infrastructure

MAS Proposes Consolidated Regulation, Licensing for Merchant Banks

By Editors | 22/05/2019

MAS is consulting on proposals to consolidate regulation of merchant banks under the Banking Act, and to move them to a licensing regime.

Market Infrastructure

Hong Kong-China Arbitration Arrangement a Boon for Lenders

By Manesh Samtani | 22/05/2019

The new arrangement enabling Hong Kong-seated arbitrations to seek interim measures from mainland courts represents a step forward for China’s offshore financiers.

Market Infrastructure

Hong Kong FRC’s New Oversight Powers Start in October

By Editors | 21/05/2019

The Financial Reporting Council will commence its role as the independent oversight body for auditors of listed companies from 1 October this year.

Market Infrastructure

SC Malaysia Issues Property Crowdfunding Rules

By Editors | 21/05/2019

Malaysia’s Securities Commission has released guidelines for property crowdfunding, while also authorising new equity crowdfunding and P2P platforms.

Market Infrastructure

ISDA Launches Two More Consultations on Benchmark Reform

By Garima Chitkara | 21/05/2019

ISDA is consulting on fallback adjustments for USD LIBOR, HIBOR and Canada’s CDOR. It is also proposing to include the SOFR in Singapore’s SOR calculation following USD LIBOR’s cessation.

Market Infrastructure

Calastone Goes Live with New Blockchain Infrastructure

By Editors | 21/05/2019

The launch comes as funds globally experience significant margin pressures, and amid a need for reduced frictions in cross-border distribution of funds.