Market Infrastructure
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261NZX Working to Fix Technical Issues Caused by Heavy Trading
Editors, Regulation Asia April 23, 2020NZX has said it is taking steps to address technical issues it has faced amid a four-fold surge in trading volumes since early in the year.
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524ARRC Sets Out 2020 Objectives for LIBOR to SOFR Switch
Editors, Regulation Asia April 22, 2020The ARRC will establish final recommended conventions for SOFR-based floating rate notes, business loans, and securitisations by 31 July.
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386India’s New Foreign Investment Rules ‘Discriminatory’, says China
Editors, Regulation Asia April 21, 2020The additional barriers violate the WTO's principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment, says the Chinese Embassy in India.
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1.1KHong Kong’s Banking Exposure Limit Rules: Implementation Challenges
Gregory Achache, Synpulse and Tim Alvner, Synpulse April 21, 2020Many banks have merely instituted stopgap measures and temporary manual solutions to comply with BELR so far, say Synpulse's Gregory Achache and Tim Alvner.
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392PBOC Cuts Bank Lending Rates to Offset Covid-19 Pressures
Editors, Regulation Asia April 21, 2020Policymakers said on Friday that monetary policies should make full use of RRR cuts, interest rate reductions and relending, indicating a shifting stance after GDP shrank 6.8% in Q1.
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320FSB Consults on Cyber Incident Response and Recovery Toolkit
Editors, Regulation Asia April 20, 2020The toolkit lists 46 effective practices, structured across seven components: governance, preparation, analysis, mitigation, restoration, improvement, and coordination and communication.
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584MAS, ESMA Sign MOU on Singapore’s Financial Benchmarks
Editors, Regulation Asia April 18, 2020The MOU and last year's equivalence decision from the European Commission ensure that FIs in the EU can continue using SIBOR and the SOR as reference rates in their contracts.
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478FSB Reports to G20 on Covid-19 Financial Stability Implications
Editors, Regulation Asia April 17, 2020The FSB says internationally coordinated action to support a well-functioning, resilient financial system and open markets remain a priority.
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1.2KFintech Risks Could Undermine Financial Inclusion
Editors, Regulation Asia April 17, 2020The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.
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491ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions
Editors, Regulation Asia April 16, 2020A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.
