Market Infrastructure

PBOC Cuts Benchmark Lending Rate As Economic Concerns Weigh

21/02/2020

The PBOC pledged to help companies by lowering lending rates, increasing credit support, and ensure banking system liquidity through RRR cuts and MLF loans.

Securities / Derivatives

Myanmar to Open Stock Market to Resident Foreigners in March

21/02/2020

Allowing foreigners to buy stocks is one of the ways Myanmar hopes to bolster its moribund stock market, which after four years still has only five stocks.

Fintech / Regtech

Bank of Korea Experiments with Blockchain for Bond Settlement

21/02/2020

Under the proof of concept system now being developed, bond issuance, management, settlement and recordkeeping will be done using blockchain technology.

Capital / Liquidity

ISDA Publishes Uncleared Margin Implementation Project Checklist

21/02/2020

The checklist is suggested as a resource guide to highlight key implementation considerations for entities expecting to come into scope in September.

SEBI Approves Proposals to Tighten Investment Adviser Regulation

21/02/2020

The proposals approved include higher net worth requirements for investment advisers, a cap on fees, and segregation of investment advice from product distribution.

Securities / Derivatives

PBOC Issues Draft Rules on Standardised Notes Issuance

21/02/2020

The draft rules seek to standardise the instrument and improve its utility as a financing channel for SMEs, while also setting out supervisory measures and applicable rights to protect investors.

Capital / Liquidity

Basel IV to Impact APAC Banks Unevenly: Moody’s

20/02/2020

‘Basel IV’ will narrow the gap between the internal ratings based approach and the standardised approach for calculating risk-weighted assets.

Market Infrastructure

European Commission Launches MiFID II Review

20/02/2020

The introduction of a consolidated tape and enhancements to investor protection are high priority items in the review.

Market Infrastructure

India Cabinet Approves SEBI-FCA Updated AIFMD MoU

20/02/2020

The updated MoU substitutes references to EU legislation with the relevant UK law, pursuant to the UK’s exit from the EU on 31 January.