Market Infrastructure

Banks Making Progress on Compensation Practices: FSB

18/06/2019

Most banks now have compensation policies in place that reduce the potential for inappropriate risk-taking. The challenge now is to develop frameworks for assessing their effectiveness.

Market Infrastructure

GLEIF Welcomes FSB Recommendations to Improve LEI Adoption

18/06/2019

The Global Legal Entity Identifier Foundation will assess how to best align itself to respond and support the FSB’s aim of broader LEI adoption globally.

Market Infrastructure

CSRC, FCA Officially Launch Shanghai-London Stock Connect

18/06/2019

The Shanghai-London Stock Connect has opened for business, allowing listed companies in Shanghai and London to issue depositary receipts in each other’s markets.

Market Infrastructure

BSP Orders FIs to Coordinate Cyber Threat Response

17/06/2019

BSP supervised financial institutions are asked to participate in the BAPCID, a platform for sharing cyber threat information and best practices.

Market Infrastructure

China Capital Markets Reaching Inflection Point: ASIFMA

17/06/2019

New ASIFMA report says China’s capital markets are reaching an inflection point, and provides 103 recommendations to facilitate their further development.

Market Infrastructure

SEBI Issues Stricter Disclosure Norms for Ratings Agencies

17/06/2019

Enhanced disclosure guidelines will require rating agencies to disclose default probabilities, factors that can impact ratings, and issuers’ liquidity positions.

Securities / Derivatives

BNM Issues Draft Rules for Electronic Trading Platforms

17/06/2019

BNM has issued a policy document laying out its expectations of companies providing electronic trading platforms in the FX and money markets.

Capital / Liquidity

PBOC Extends Liquidity Support to Smaller Banks

17/06/2019

Liquidity will be provided by increasing rediscount and standing lending facility quotas, as concerns mount over the potential risks of smaller banks.

Enforcement

ANZ in Compliance With Fees-For-No-Service Enforceable Undertaking

17/06/2019

ASIC is satisfied with ANZ’s compliance with a March 2018 court enforceable undertaking related to the bank’s fees for no service issue.