Trading & Investment

SGX Announces Upcoming Launch of 13 New Equity Futures Contracts

11/08/2020

The new futures contracts are based on net total return and price return indices calculated by FTSE Russell, covering regional as well as single country benchmarks.

PEPs & Sanctions

China Imposes Reciprocal Sanctions Against US Officials

10/08/2020

“China has decided to impose sanctions on those individuals who behaved badly on Hong Kong-related issues,” said a spokesperson, without specifying what the sanctions would entail.

Cloud & Infrastructure

InvestHK Announced Fast Track Fintech Development Programme

10/08/2020

Companies from nine key fintech verticals are invited to submit applications by 31 August, for a chance to showcase their solutions to corporates and investors at Hong Kong Fintech Week.

Credit Risk

BSP Expects Sound Borrower Assessments, Forbearance Reporting

10/08/2020

Requirements to report forbearance granted to borrowers will ensure industry statistics reflect the “true health of the banking system” and incentivise prudence in banks’ credit decisions.

Supervision & Enforcement

APRA to Recommence Policy Work, Licensing Activity

10/08/2020

APRA will recommence public consultations on high-priority prudential policy reforms, and begin accepting new licence applications in September.

Payments & Settlements

Malaysia Works to Enable Real-time Cross-border Payments

10/08/2020

A cross-border link between Singapore’s PayNow and Thailand’s PromptPay will extend to Malaysia’s DuitNow, a BNM official said.

Supervision & Enforcement

CBIRC Fines Industrial Bank for Illegal Use of Interbank Funds

10/08/2020

Industrial Bank’s Shanghai branch used the funds for equity investments, government financing, and to pay land transfer fees.

Cybersecurity

Taiwan to Require IT Security Enhancements at Financial Firms

10/08/2020

The FSC will require big financial firms to be able to restore operations within four hours after a disaster (possibly less for securities firms), among other measures.

Data Privacy

Singapore’s Central Depository Fined for Data Privacy Breaches

10/08/2020

211 dividend cheques were sent to outdated mailing addresses, containing client names, NRIC numbers, CDP account numbers, and details of the securities held.