MARKET INFRASTRUCTURE

Market Infrastructure

The End of IBOR – The Asia Take

By Matthieu Sachot | 19/06/2018

Though uncertainty remains on when LIBOR migration is really going to be due, the earlier the banks set this in motion, the lower the execution risk and cost in the long run. This article highlights the local benchmarking effort in Asia and the key areas banks should have on their roadmap, starting now.

Market Infrastructure

China Proposes Communist Party Unit at Listed Firms

By Garima Chitkara | 18/06/2018

The CSRC has proposed establishing a ‘CCP Unit’ at firms already listed and those looking to list on Chinese stock exchanges, for the purpose of carrying out Party activities.

Fintech / Regtech

MAS 610 a Top Concern for Singapore Banks in 2019 – Report

By Manesh Samtani | 15/06/2018

High granularity data for new reporting regime requires reporting of approx. 300,000 data elements, the top concern for Singapore banks next year, according to Wolters Kluwer survey.

Market Infrastructure

HKMA Adds Two Additional Phases to Cyber Resilience Assessment

By JP Reimann | 14/06/2018

Second phase to cover 60 authorised institutions with higher risk, third phase to cover about 90 remaining institutions; HKMA expressed concern about lack of qualified C-RAF assessors.

Market Infrastructure

Industry-wide Collaboration Needed to Combat Cyber Threat – DTCC

By Manesh Samtani | 14/06/2018

DTCC Chief Security Officer Stephen Scharf says traditional focus on preventative measure at individual firm level are no longer enough; closer collaboration is needed to develop collective response and recovery plans.

Capital / Liquidity

Taiwan To Ease M&A Rules For Financial Holding Companies

By Garima Chitkara | 14/06/2018

New rules lower the threshold for initiating a tender offer from 25 percent to 10 percent; new rules to only apply to private-sector firms.

Enforcement

FS-ISAC Establishes Global Forum for Cyber Threat Information Sharing

By Garima Chitkara | 14/06/2018

Inaugural global community CERES Forum to bring together financial regulators, central banks and supervisors to combat cyber and physical crime, enhancing financial sector resiliency.

Market Infrastructure

S. Korea Passes Bill Enabling Asia Regional Funds Passport

By Garima Chitkara | 13/06/2018

Korean cabinet approves amendments to its capital markets law to allow funds passporting between the five signatory countries; FSC to begin making preparations for scheme launch in 2019.

Market Infrastructure

SEBI Mulls Allowing Indian Firms to List Shares Overseas

By Garima Chitkara | 13/06/2018

Securities regulator considering allowing Indian firms to directly list equity abroad and foreign firms to list in India.