The Securities and Futures Commission and the China Securities Regulatory Commission have signed an agreement to strengthen cross-boundary regulatory and enforcement cooperation ahead of the implementation of the Shanghai-Hong Kong Stock Connect scheme.
Financial market infrastructures, which include payment systems and central securities depositories, are urged to develop a recovery plan to ensure that they can offer critical services to the market even during a crisis and avert any systemic disruptions.
Malaysia’s central bank is seeking industry views on proposals to amend the Development Financial Institutions Act 2002 to further strengthen the industry.
Financial institutions in Asia Pacific are proactively reconciling their portfolios and managing their collateral disputes in view of impending regulatory changes in the region, said TriOptima, provider of OTC derivative post trade services.
Hong Kong has issued new guidelines for the banking industry on how to meet its data protection obligations amid rising number of complaints against banks’ privacy protection practices.
The Financial Services Authority (OJK) is set to carry out a test at major banks to assess their leverage ratios and ensure lenders have sufficient capital to back their operations at all times.
Australian Securities and Investments Commission has issued guidelines for foreign companies making offers of CHESS Depository Interests (CDIs) over their shares and options to investors in Australia.
The International Organization of Securities Commissions has issued new guidelines regarding custody of collective investment schemes’ (CIS) assets, highlighting issues around the independence of custodians and their role in ensuring the safety of clients’ assets.
Solutions to meet the challenges and deliver opportunities.
As compliance deadlines continue to stack up, Dev Bhudia of GoldenSource explains why the data scientist is playing an increasingly vital role in ensuring financial institutions avoid heavy fines.