Markets & Infrastructure

Payments & Settlements

DLT Not Yet a Solution for Large Central Bank Applications – BOJ

By Samuel Riding | 11/09/2017

Japanese central bank and European counterpart conclude from ‘Project Stella’ tests of DLT in RTGS that the technology is not yet mature enough.

AI Risk & Governance

ASIC Eyes Accountability for Algorithmic System Operators

By Samuel Riding | 11/09/2017

Regulator’s chairman says each algorithmic system must have designated individual responsible for design and outcomes, echoing new bank accountability regime.

Structural Regulation

Don’t Expect New EU Equivalency Decisions for Asia

By Samuel Riding | 07/09/2017

Ben Pott, head of government affairs at NEX Group, suggests Brexit and the time taken to resolve US-EU CCP issue, make equivalency rulings unlikely.

Cryptocurrency

Hong Kong Joins Singapore, US in Labelling Some ICOs as Securities

By Samuel Riding | 06/09/2017

SFC says some ICOs are either share, debenture or collective investment schemes; some traders in secondary market could be regulated entities.

AI Risk & Governance

BCBS Says Supervisors Should Boost Fintech Training, Regtech Use

By Samuel Riding | 04/09/2017

Taskforce says regulators will need to start upskilling staff; adopt artificial intelligence, machine learning and other tech to ensure effective supervision.

Structural Regulation

Japanese Banks Call for Narrower OTCD Reporting Requirements

By Samuel Riding | 04/09/2017

Japanese Bankers Association says data elements should be narrower; concerned about cost of reporting given different collateral settlement timings.

Conduct, Culture & Accountability

S.Korea to Curb Bank Chief Bonuses

By Samuel Riding | 04/09/2017

Only 60% of bonuses to be paid up front, remaining 40% to be paid out over three years but can be cut or clawed back if investments lose money.

Structural Regulation

CSRC to Push ‘Central Surveillance System’ for Exchanges

By Samuel Riding | 29/08/2017

Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges’ front-line supervision, citing failures exposed by 2015 stock market turmoil.

Conduct, Culture & Accountability

Australian Regulator Launches CBA Inquiry

By Samuel Riding | 29/08/2017

APRA inquiry to look at whether governance, culture and accountability frameworks conflict with ‘sound risk management and compliance outcomes’.