MARKET INFRASTRUCTURE

Market Infrastructure

New Zealand Publishes Revised Code of Banking Practice

By JP Reimann | 04/06/2018

New code promises fair treatment, clear communication, customer privacy, responsible lending, effective complaints handling.

Market Infrastructure

Japan Publishes Revised Corporate Governance Code  

By JP Reimann | 04/06/2018

Revised code urges disclosure of plans to reduce cross-shareholdings, pushes for diversity in management, including more women non-Japanese.

Market Infrastructure

Malaysia Scraps GST on Banking Products

By Manesh Samtani | 03/06/2018

Effective 1 June, Malaysian banks will impose a zero percent GST on all banking products and services, previously subject to 6% GST.

Market Infrastructure

NSE-SGX Dispute Runs Afoul of MSCI

By Garima Chitkara | 31/05/2018

MSCI considering placing India on notice due to “burdensome” SEBI registration process and stock exchange action that could restrict global availability of investment instruments.

Capital / Liquidity

Moody’s Takes Ratings Actions on Nineteen Chinese Banks

By Garima Chitkara | 31/05/2018

Banks like Bank of China, Agriculture Bank of China, BOCOM and ICBC received upgrades on the back of an upgrade to China’s macro profile.

Market Infrastructure

Vietnam to Adopt IFRS Starting This Year

By Garima Chitkara | 31/05/2018

Vietnam to phase in IFRS standards starting this year until 2020 through the adoption of ten to twenty standards deemed appropriate for implementation.

Market Infrastructure

SEBI to Investigate Technical Glitches at NSE, MCX

By Garima Chitkara | 31/05/2018

SEBI has sought a report from both the exchanges to understand the causes of the glitches that led to trading disruptions and the booking of duplicate trades.

Market Infrastructure

Regulators to the Rescue: MAS and the Drive to Ease the Data Reporting Burden

By Swati Kothari | 30/05/2018

MAS has unveiled its roadmap for the transformation of the collection of data from financial institutions. And while there may be clear benefits, providing all data in machine readable format by MAS’ planned deadline will be challenging.

Market Infrastructure

PBOC Launches Financial Statistics Inspections at Banks, NBFIs

By JP Reimann | 30/05/2018

Six-month central bank inspections to focus on quality of financial information as part of plan to unify statistical management operational mechanisms.