Market Infrastructure

ESG / Sustainability

Singapore Adopts Revised Corporate Governance Code

By Garima Chitkara | 09/08/2018

New code is based on recommendations by the Corporate Governance Council and focuses on strengthening board independence and diversity; SGX has incorporated the new code in its listing rules.

Market Infrastructure

Indonesia Discontinues JIBOR In Favour of Market-based Indonia

By Garima Chitkara | 09/08/2018

Indonesia’s central bank has announced a new market-based overnight rate to replace its current interbank offer rate to boost reliability of the rates and policy transmission.

Market Infrastructure

Standard-setting Bodies Consult on Incentives to Centrally Clear OTC Derivatives

By Editors | 09/08/2018

FSB, BCBS, CPMI and IOSCO consultative document suggests some aspects of regulatory reform may not incentivise provision of client clearing services.

Market Infrastructure

Two Thirds of Cyber Incidents Caused by Staff – Willis Towers Watson

By Manesh Samtani | 08/08/2018

Companies and their staff need cyber training and education to ensure they are aware of the need to protect customer information at all times, and in particular, of the reputational and business interruption risks of having cyber incidents, says Willis Towers Watson’s Jessica Wright.

Market Infrastructure

Talking Derivatives Trade Reporting with DTCC’s Oliver Williams

By Manesh Samtani | 08/08/2018

Enhancements to DTCC’s Global Trade Repository service in Singapore will support the MAS’s next phase of derivatives trade reporting requirements, as well as improve usability and reduce complexity for users.

Market Infrastructure

APRA to Replace Outdated Financial Data Collection Platform

By Garima Chitkara | 07/08/2018

Australia’s prudential regulator says its current data collection system requires a significant overhaul to match current flows of digitised data and regulatory requirements, plans to release tender for new solution by end of month and implement new system by end of 2019.

Enforcement

The Banking Industry’s $850bn Behavioural Problem

By Benjamin Quinlan | 07/08/2018

If banks are serious about avoiding future fines and losses, the solution lies first and foremost in developing a robust risk culture across the entire organisation.

Market Infrastructure

Australia Finds Banking Oligopoly Detrimental To Consumers

By Garima Chitkara | 06/08/2018

The Productivity Commission report urges for more competition in Australia’s banking sector – a recommendation re-enforced by Treasurer Scott Morrison in a speech to industry executives.

Enforcement

India Probes Metropolitan Stock Exchange for Fraud, Mismanagement

By Garima Chitkara | 06/08/2018

The MSEI is under investigation by the government of India and SEBI for alleged fraud and mismanagement, and has hired a forensic auditor to look into the allegations made by two whistleblowers.