Alternative Markets

KOFIA Chair Vows to Restore Trust in Hedge Fund Industry

17/07/2020

KOFIA will prevent moral hazard in the hedge fund industry by providing consulting services and strengthening the role of prime brokers, intermediaries and fund managers in monitoring efforts.

Clearing & Post-Trade

Optimising the Libor Switch with Portfolio Compression

17/07/2020

TriOptima’s multilateral approach to portfolio compression is helping the sell-side and buy-side alike to reduce Libor risk, optimise capital, and enhance operational efficiency.

Credit Risk

MAS Planning Ahead to Avoid ‘Cliff Effect’ of Relief Withdrawal

16/07/2020

“Bank loans and insurance policy premiums will eventually have to be paid,” MAS’ Ravi Menon said, pointing to a need to avoid the ‘cliff effects’ of sudden relief withdrawal.

Structural Regulation

Australia Mulls Measures to Establish Regional Financial Hub

16/07/2020

Australian Senator Andrew Bragg wrote to Treasurer Josh Frydenberg suggesting reforms to capitalise on Hong Kong’s recent political changes.

Alternative Markets

UPDATED – China: State Council Releases Insurers from Equity Investment Limits

16/07/2020

A State Council decision paves the way for the implementation of CBIRC rules drafted in 2018 that would remove most limits on the equity sectors in which insurers can invest.

Sustainable Finance

The Role of Derivatives Markets in Sustainable Finance

16/07/2020

The derivatives market can contribute in the transition towards a low-carbon economy, due its ability to facilitate capital-raising via the hedging of risks related to sustainable investments.

Trading & Investment

China Issues Authoritative Guidance on Handling Bond Disputes

16/07/2020

In disputes involving breach of contract, fraud or false statements – the issuer, its controlling shareholders, directors, and senior management will be held liable for bondholder losses.

AI Risk & Governance

FSC Korea Kicks Off Working Group on Artificial Intelligence

16/07/2020

The working group will seek to promote the use of artificial intelligence in financial services as part of the government’s ‘New Deal’ policy initiative.

Data Privacy

OCBC Enables Banking Access Via SingPass Digital Identity

16/07/2020

OCBC’s Aditya Gupta says the use of SingPass as an alternate login for mobile and online banking will give more customers the confidence to bank digitally.