Market Infrastructure

Market Infrastructure

Singapore Leads Asia Pacific in Open Banking Readiness

By Manesh Samtani | 01/11/2018

In APAC, Singapore is the most prepared for open banking, followed by Australia and Hong Kong, according to Finastra’s ‘Open Banking Readiness Index’.

Market Infrastructure

MAS, CSRC Enhance Cooperation on Capital Markets, Derivatives

By Editors | 01/11/2018

The derivatives MoU will enhance cross-border supervision and the development of futures markets, while staff exchanges will deepen ties between the agencies.

Crypto / Digital Assets

HKEX Develops Blockchain Prototype for Northbound Trade Settlement

By Editors | 01/11/2018

HKEX will work with Digital Asset to introduce the first blockchain platform for financial services in Hong Kong, said Charles Li in a speech at Hong Kong Fintech Week.

Big Picture

Asia Struggles to Meet 2020 EU Benchmarks Regulation Deadline

By Editors | 31/10/2018

A number of non-EU benchmark administrators may fail to obtain BMR registration by January 2020, according to a new report from ASIFMA and Herbert Smith Freehills.

Market Infrastructure

Hong Kong-UK Mutual Funds Recognition Hits a Snag

By Manesh Samtani | 31/10/2018

A number of Hong Kong unit trusts are not eligible to be sold in the UK, where regulations require an independent trustee or custodian, according to a Fund Selector Asia report.

Market Infrastructure

NZX Overhauls Listing Rules in Transition to Single Board

By Editors | 30/10/2018

New listing rules to take effect from January, in advance of migration to a single board where equity, debt and fund issuers will be covered in a single rule set.

Capital / Liquidity

Changes to Address Bad Behaviour at Banks Will Improve Resilience – RBA

By Manesh Samtani | 30/10/2018

Australian banks are more resilient following post-GFC reforms. But changes to address culture and conduct issues will increase resilience further, says RBA asst governor Michele Bullock.

Market Infrastructure

StanChart Becomes First Foreign Bank with Custody Licence in China

By Editors | 30/10/2018

The CSRC has granted Standard Chartered Bank a domestic fund custody licence, which until now has been reserved for local institutions.

Market Infrastructure

China Publishes Draft Rules Easing Market Access for Foreign Banks

By Editors | 29/10/2018

Foreign banks will be allowed to set up wholly-owned branches and subsidiaries in China provided they maintain at least 8% of yuan-denominated risk assets as reserves.