Market Infrastructure

Capital / Liquidity

Legacy Systems, Poor Data Quality Hindering BCBS 239 Adoption

By Manesh Samtani | 29/04/2020

Some banks have changed their BCBS 239 implementation strategies to comprehensively improve data quality, but this will take considerable time to resolve.

Big Picture

Privacy Concerns, Bank Mistrust Lead to Higher Cash Use: Study

By Editors | 28/04/2020

The findings suggest that government policy to promote electronic payments may have to address fundamental concerns about privacy and confidence in financial institutions.

Market Infrastructure

China: Critical Technology Subject to Cybersecurity Review from 1 June

By Editors | 28/04/2020

The new regulations, jointly released by 12 government agencies, are not intended to restrict or discriminate against foreign products or services, an official said.

Market Infrastructure

ACCC Finds Transparency, Competition Issues in Mortgage Market

By Editors | 27/04/2020

The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.

Market Infrastructure

Korea: IMF Assessment Highlights Pre-Covid Financial System Risk

By Editors | 24/04/2020

The assessment commends Korea for its continued efforts to enhance prudential, legal and supervisory frameworks, while also pointing to growth-related uncertainties and household debt risks.

Market Infrastructure

HKMA Survey Highlights LIBOR Transition Challenges

By Editors | 23/04/2020

About HK$1.4tr in assets, HK$0.5tr in liabilities, and HK$14.7tr in derivatives still referencing LIBOR will mature after end-2021 and don’t have fallbacks in place.

Market Infrastructure

Bloomberg Publishes Rulebook on IBOR Fallback Methodology

By Editors | 23/04/2020

The rulebook’s final methodology, rules and conventions are based on the results of four market-wide consultations ISDA conducted between 2018 and 2020.

Market Infrastructure

NZX Working to Fix Technical Issues Caused by Heavy Trading

By Editors | 23/04/2020

NZX has said it is taking steps to address technical issues it has faced amid a four-fold surge in trading volumes since early in the year.

Market Infrastructure

ARRC Sets Out 2020 Objectives for LIBOR to SOFR Switch

By Editors | 22/04/2020

The ARRC will establish final recommended conventions for SOFR-based floating rate notes, business loans, and securitisations by 31 July.