Market Infrastructure

Market Infrastructure

Calastone to Migrate Global Funds Network to Blockchain

By Matthew Chan | 04/12/2018

By moving to a blockchain platform, Calastone seeks to address the high cost of funds distribution and operational risk resulting from manual processes, older systems and legacy technology.

Market Infrastructure

CBIRC Issues Rules for Banks on Wealth Management Subsidiaries

By Editors | 04/12/2018

Wealth management subsidiaries set up by commercial banks can directly invest funds from wealth management products into the stock market.

Market Infrastructure

SEBI Issues Cybersecurity Framework for Brokers, Depository Participants

By Manesh Samtani | 04/12/2018

Stockbrokers and depository participants will have to formulate a comprehensive cyber security and cyber resilience policy document in accordance with the guidelines by April 2019.

Securities / Derivatives

CSRC Approves UBS Majority Control of China Securities JV

By Editors | 04/12/2018

UBS will become the first foreign financial institution to take a controlling stake in a China-based securities joint venture, having now received formal approval from the CSRC.

Market Infrastructure

MAS to Co-Fund Financial Sector Efforts to Develop Local Cyber Capabilities

By Editors | 04/12/2018

The MAS will support financial institutions that establish global or regional cybersecurity centres in Singapore, or run key cybersecurity functions from the city to develop local capabilities.

Market Infrastructure

Bursa Malaysia to Implement T+2 by Q2 2019

By Editors | 03/12/2018

The bourse said the move to a shorter settlement cycle will improve operational efficiency, reduce counterparty risk and improve the competitiveness of Malaysia’s capital market.

Market Infrastructure

Huatai Securities Wins First Approval to Issue GDRs in London

By Editors | 03/12/2018

The approval marks the launch of the Shanghai-London Stock Connect, which allows China- and London-listed firms to issue depository receipts in each other’s markets.

Capital / Liquidity

No Shortage of Risks Looming Across Financial System

By Manesh Samtani | 03/12/2018

Banking system reforms will have to adapt to new risks to mitigate the effects of the next financial crisis, said BCBS secretary general William Coen, hinting at a future ‘Basel IV’.

Securities / Derivatives

RBI Announces Phasing-In of LEI for Non-Derivatives Markets

By Editors | 30/11/2018

Entities transacting in government securities, money markets and non-derivative forex markets will be required to have LEI codes, starting with larger firms in April 2019.