TOCOM will become a wholly-owned subsidiary of JPX, and together they will launch a consolidated exchange for stocks, financial and commodity derivatives by September 2020.
Though discussions are still in the preliminary stages, Malaysia's central bank is looking to publish its requirements for virtual bank licences by the end of the year.
The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.
China’s pilot scheme allowing banks to sell government bonds to retail investors has been met with success, with over $200mn in bonds sold in a single day.
Goldman has been penalised over $44mn for making over 220 million transaction reporting errors over 9.5 years. The fine is larger than UBS received earlier this month.
ASIC reportedly plans to force banks to explain why they aren't using the latest technology to improve regulatory compliance, including systems offered by regtech startups.
In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.
APRA chairman Wayne Byres says banks could lose their power to set executive pay if they are not more proactive about changing remuneration practices.
The acquisition is part of SGX's strategy to build core pillars of growth across multiple asset classes, with FX being one of its key growth pillars.
Despite some differences between its own rules and Australia’s regime for uncleared swaps margining, the CFTC has determined that the end result is the same.