MARKET INFRASTRUCTURE

Market Infrastructure

Japan FSA Issues Revised Report on Supervisory Overhaul

By Manesh Samtani | 08/07/2018

Report was revised following consultation on proposed move to ‘dynamic supervision’ model; FSA says existing supervisory approaches deter focus from priority issues and may not prevent next crisis.

Capital / Liquidity

APRA Proposes Amendments to Mitigate Contagion Risk from Related Parties

By Manesh Samtani | 08/07/2018

Proposals include broadening the definition of related entities to include substantial shareholders and board directors, and aligning the framework with recently revised standards for large exposures to unrelated entities.

Market Infrastructure

Bond Connect to Get Regulatory Boost from PBOC

By Garima Chitkara | 05/07/2018

PBOC will introduce same day delivery versus payment, block trading and a simpler tax regime for foreign investors; ten additional market makers also added to Bond Connect scheme, including JP Morgan, BAML and Mizuho Bank.

Market Infrastructure

Hong Kong Updates Counterparty Credit Risk Management Framework

By Garima Chitkara | 05/07/2018

The HKMA has revised its counterparty credit risk management regulation to incorporate international regulations; expanding its supervisory coverage to include CVA and central clearing

Market Infrastructure

India’s NSE Signs Post-Trade Technology Sharing Pact With Nasdaq

By Garima Chitkara | 04/07/2018

The National Stock Exchange will replace its current post trade platform for all asset classes with Nasdaq’s real-time clearing, risk management and settlement technology, among other cooperative agreements.

Capital / Liquidity

China Tightens Rules for Third Party Payment Providers

By Emma Zhou | 02/07/2018

Payment firms required to gradually increase reserves to 100% of client funds and to deposit all reserves at central custodian by 14 January; All online payments to be settled by central bank clearinghouse moving forward.

Market Infrastructure

NZX Lacking in Market Surveillance Obligations – FMA

By Manesh Samtani | 02/07/2018

New Zealand FMA says information provided by NZX surveillance team was below its expectations and questions the market operator’s ability to detect misconduct; NZX to recruit additional resources to resolve the issue.

Market Infrastructure

SWIFT and the Death of Global Financial Regulations

By Peter Guy | 02/07/2018

Intense geopolitical rivalries and new technologies threaten a new Cold War by enabling weaponisation of the international payment system and disruption of the international financial order.

Market Infrastructure

Hong Kong SFC Releases 2017-18 Annual Report

By Manesh Samtani | 02/07/2018

Highlights for the year include progress on MIC regime, guidance on online trading platforms, and regulatory collaboration with other agencies.