Market Infrastructure

MAS, CSRC Enhance Cooperation on Capital Markets, Derivatives

01/11/2018

The derivatives MoU will enhance cross-border supervision and the development of futures markets, while staff exchanges will deepen ties between the agencies.

Crypto / Digital Assets

HKEX Develops Blockchain Prototype for Northbound Trade Settlement

01/11/2018

HKEX will work with Digital Asset to introduce the first blockchain platform for financial services in Hong Kong, said Charles Li in a speech at Hong Kong Fintech Week.

Fintech / Regtech

Japanese Banks Trial Blockchain-based Settlement for Small Transactions

31/10/2018

Nine banks will use Fujitsu technology to test the ability of a custom digital currency to achieve low-cost performance of real-time gross settlement for small-scale transactions.

Big Picture

Asia Struggles to Meet 2020 EU Benchmarks Regulation Deadline

31/10/2018

A number of non-EU benchmark administrators may fail to obtain BMR registration by January 2020, according to a new report from ASIFMA and Herbert Smith Freehills.

Market Infrastructure

NZX Overhauls Listing Rules in Transition to Single Board

30/10/2018

New listing rules to take effect from January, in advance of migration to a single board where equity, debt and fund issuers will be covered in a single rule set.

Securities / Derivatives

China to Release Insurers from Equity Investment Restrictions

30/10/2018

CBIRC draft rules loosen restrictions on how much insurance companies can invest in the stock market and in which sectors they can participate.

Market Infrastructure

StanChart Becomes First Foreign Bank with Custody Licence in China

30/10/2018

The CSRC has granted Standard Chartered Bank a domestic fund custody licence, which until now has been reserved for local institutions.

Enforcement

Taipei Fubon Bank Fined as Two Officers Misappropriate Client Funds

29/10/2018

The FSC has fined the bank $129,000 for internal control failures that allowed two of its officers to misappropriate client funds, and ordered it to dismiss the officers responsible.

Market Infrastructure

China Publishes Draft Rules Easing Market Access for Foreign Banks

29/10/2018

Foreign banks will be allowed to set up wholly-owned branches and subsidiaries in China provided they maintain at least 8% of yuan-denominated risk assets as reserves.