MARKET INFRASTRUCTURE

Market Infrastructure

MAS, HKMA Commit to FX Global Code

By Editors | 30/05/2018

Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.

Securities / Derivatives

S. Korea Announces Measures to Prevent Stock Trade Errors

By Manesh Samtani | 29/05/2018

Measures to prevent repeat of Samsung Securities dividend payout error include new real-time monitoring system, tighter controls at securities firms, tougher penalties.

Enforcement

Malaysia Adopts FSPB Professional Code for Finance Industry

By JP Reimann | 28/05/2018

The code aims to instil core minimum standards of conduct, enhance confidence, promote sustainability across financial sector by promoting strong culture of professionalism.

Market Infrastructure

Australia to Adopt New Global Banking Ethics Standard

By Garima Chitkara | 28/05/2018

Financial Services Institute of Australia supporting implementation of seven key recommendations including ethical principles for professional bankers and ethics education and training programmes.

Market Infrastructure

FRTB – Ending or Evolving Trading Culture

By Peter Guy | 28/05/2018

FRTB will force banks to change their operating models, bringing them out of product and trading desk silos. Bank trading culture and the trading desk concept may need to evolve to accommodate a wider picture of risk taking.

Market Infrastructure

China’s First Private Credit Scoring Firm Starts Operation

By Karen Chiu | 25/05/2018

Baihang Credit Scoring has become the first private credit-scoring firm in China, licensed by PBOC and backed by NIFA as well as 8 credit firms including Tencent Credit and Alibaba’s Sesame Credit.

Market Infrastructure

PBOC Pledges Better Information Disclosure, Transparency

By Garima Chitkara | 24/05/2018

Central bank announcement comes as it tries to make its policy making more transparent and guide market expectations.

Market Infrastructure

New BBSW Calculation Methodology Takes Effect in Australia

By Garima Chitkara | 24/05/2018

Methodology based upon market transactions over longer rate-set window involving a larger number of participants, during most liquid period of bank bills market; manipulation punishable by civil, criminal penalties.

Market Infrastructure

CFTC Approves ASX Application for Direct Access to US Customers

By Garima Chitkara | 24/05/2018

ASX can provide direct access to US customers to trade on its platform; CFTC order part of its regulatory deference programme