Market Infrastructure

Market Infrastructure

UPDATED – China’s Asset Management Sector Set for Shake-Up

By Manesh Samtani | 28/12/2018

Up to 22 banks have announced plans to set up new wealth management subsidiaries which could end up taking market share from asset management firms.

Market Infrastructure

ISDA Releases Final Report on Benchmark Fallbacks Consultation

By Editors | 24/12/2018

ISDA will proceed to develop fallbacks based on the ‘compounded setting in arrears rate’ and the ‘historical mean/median approach to the spread adjustment’.

Market Infrastructure

LSEG Technology Announces New Post-Trade Functionality at SGX

By Editors | 24/12/2018

The new settlement and depository system enables SGX and market participants to align to global market practices, messaging standardisation and T+2 settlement.

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.