Market Infrastructure

Market Infrastructure

CSRC Updates Senior Manager Rules for Securities, Fund Operators

By Manesh Samtani | 24/11/2020

Securities and fund management firms are expected to establish and improve internal accountability mechanisms for senior managers, and penalise violations with clawback and malus.

Capital / Liquidity

RBI Working Group Proposes New Rules on Bank Ownership

By Sanday Chongo Kabange | 23/11/2020

The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

Crypto / Digital Assets

Australian Treasury Seeks Feedback on Payments System Regulation

By Manesh Samtani | 23/11/2020

The paper seeks views on the adequacy of the current regulatory architecture for developments such as stablecoins, cryptocurrency, digital wallets, stored value facilities and open banking.

ESG / Sustainability

Malaysia, Japan Authorities Appointed to NGFS Steering Committee

By Sanday Chongo Kabange | 23/11/2020

The inclusion of Japan’s FSA, BNM and Bank of Canada on the steering committee will widen the NGFS’ global reach and strengthening its geographical representation.

Capital / Liquidity

MAS Launches New RMB Liquidity Facility for Banks

By Manesh Samtani | 23/11/2020

RMB funding of up to 3 months will be channelled to primary dealers, thereby enhancing credit intermediation and overall RMB market liquidity in Singapore.

Securities / Derivatives

ASIC Launches Probe into ASX Over Equity Market Outage

By Manesh Samtani | 23/11/2020

ASIC had earlier said it would determine whether ASX followed the relevant regulatory requirements and met its licence obligations.

ESG / Sustainability

FSB Warns of Sharp Falls in Asset Prices from Climate Risk

By ESG Investor | 23/11/2020

Physical and transition risks could combine to increase destabilisation, the FSB says in a new report, citing “numerous sources of uncertainty”.

Market Infrastructure

BSP Instructs Banks to Report on LIBOR Exposures Quarterly

By Manesh Samtani | 23/11/2020

The regular reports will guide the degree of the central bank’s supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.

Market Infrastructure

FSC Korea Set to Implement Financial Benchmark Act

By Editors | 22/11/2020

The FSC has enacted an enforcement decree setting out the requirements for benchmark administrators, contributors and users.