Markets & Infrastructure

Trading & Investment

NSE Launches Interest Rate Options on 10-Yr Govt Bond

By Editors | 11/12/2019

Interest rate options on 10 year government bonds provide institutional investors a new tool to hedge interest rate risk.

Payments & Settlements

RBA Underlines High Cost of Cross-Border Transfers via Big Banks

By Editors | 11/12/2019

The average mark-up over the wholesale exchange rate is around 5.5% for the major banks, versus about 1% for the digital money transfer services, said RBA governor Philip Lowe.

Trading & Investment

KRX to Tighten Rules on Algorithmic and AI-based Trading

By Editors | 11/12/2019

Algorithmic trading is not illegal in Korea, but authorities have long been concerned that the practice may cause market confusion and disadvantage retail investors.

Payments & Settlements

RBI to Make NEFT System Available 24×7

By Editors | 11/12/2019

From 16 December, the NEFT system will be available on a 24/7 basis, including on holidays with batch settlement every half hour.

Trading & Investment

RBI Relaxes Restriction on Foreign Exchange Hedging

By Editors | 10/12/2019

Residents and non-residents will be allowed to undertake OTC currency derivative transactions up to $10mn without having to evidence underlying exposure.

Trading & Investment

SFC, HKMA to Launch New Survey to Assess Product Selling Risks

By Editors | 10/12/2019

The survey will help the SFC and HKMA identify risks associated with the selling activities of intermediaries and coordinate their responses to address areas of common concern.

Conduct, Culture & Accountability

Fund Managers to Remain in Regulatory Spotlight in 2020: Moody’s

By Editors | 10/12/2019

Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.

Credit Risk

ASIC Offers Clarity on Responsible Lending Obligations

By Editors | 09/12/2019

ASIC has clarified when a licensee might undertake more or less detailed inquiries and verification steps based on different consumer circumstances and the type of credit being sought.

Trading & Investment

ISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger

By Manesh Samtani | 09/12/2019

ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.