Market Infrastructure

An MoU sign by the SZSE and SET this week will facilitate the development of cross-border products such as ETFs, depositary receipts, indices and green finance products.

In its April quarterly round-up, ISDA detailed efforts in the three jurisdictions to ensure legal certainty on close-out netting, seen to be a critical issue for derivatives market development.

Hong Kong fund managers are asking for Shanghai and Shenzhen to be included in the list of overseas markets approved for MPF investment.

The main effect of technology will be to "transform" jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.

The Shanghai Stock Exchange and Japan Exchange Group have signed an ETF Connectivity Agreement to streamline investment in the each other’s markets.

China’s Cyber Security Law requires firms to keep personal and ‘important data’ onshore, but uncertainties around the rules and implementation timeline remain.

The Central Banks and Supervisors 'Network for Greening the Financial System' has published a report providing recommendations to mitigate climate-related financial risks.

FSS first senior deputy governor Yoo Kwang-yeol in a closed door meeting told Korean financial institutions with units in Southeast Asian countries to offer more localised financial services.

The associations say a preferred approach would be to recognise Singapore's and Australia's regimes as a whole rather than the current benchmark-by-benchmark approach.

Settlement processes are attracting more attention as regulators require shorter and more certain settlement, with potential penalties for noncompliance.