MARKET INFRASTRUCTURE

    Capital / Liquidity

    IMF, World Bank Issue Reports on India Financial Supervision, Market Infrastructure

    By Samuel Riding | 24/01/2018

    Reports praise progress but suggest more can be done on governance at public sector banks, market infrastructure risk management, among other issues.

    Securities / Derivatives

    Banks Will Struggle if Prop Trading is Reintroduced

    By Peter Guy | 22/01/2018

    US banks lobbied hard for a rollback of the Volcker Rule and a return to proprietary trading to bolster profits. They will soon find that it’s now a different world.

    Market Infrastructure

    LEIs: Asia Following the Rest of the World

    By Tony Freeman | 18/01/2018

    Firms in the region either embrace, endure or avoid MiFID II’s LEI requirement, but must accept that it’s not just regulations from the US which now have a profound extraterritorial impact.

    Market Infrastructure

    Korea Announces Measures to Reform Kosdaq Market to Support Startups

    By Garima Chitkara | 15/01/2018

    Measures include overhauling Kosdaq listing requirements, strengthening competitiveness, and improving market soundness and investor trust.

    Crypto / Digital Assets

    MAS in Talks with Blockchain Firm Ripple on Cross Border Payments

    By Manesh Samtani | 15/01/2018

    Ripple chief says technology can speed up cross-border transactions from days to second, save banks trillions in collateral held against settlement risks.

    Securities / Derivatives

    ESMA Publishes List of Derivatives Subject to MiFID II Trading Rules

    By Samuel Riding | 11/01/2018

    Listed securities must be traded on regulated markets or organised trading facilities; no APAC venues yet to be granted equivalency.

    Market Infrastructure

    Korea’s Reduction in Foreign Shareholder Capital Gains Tax Threshold Arouses Concern

    By Garima Chitkara | 10/01/2018

    Government to cut threshold from 25% to 5%, ASIFMA says reduction will challenge securities firms, produce no tax revenue.

    AML / KYC

    Banks Must Ensure Foreigners’ RMB Investment Returns Can Be ‘Freely Remitted’ – PBOC

    By Samuel Riding | 08/01/2018

    PBOC confirms overseas investors can use RMB funds to participate in China’s emissions trading market; send RMB profits, dividends back home.

    Market Infrastructure

    Indonesia to Establish Derivatives CCP

    By Editors | 03/01/2018

    Centralising counterparty risk at a clearinghouse will make derivative products offered by Indonesian financial institutions more competitive.

    Market Infrastructure

    India Overhauls Credit Rating Agency, Fund Sponsor Regulations

    By Editors | 02/01/2018

    Securities regulator increases net worth requirement for agencies, requires separate legal entities for ‘non-core business’.

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