Securities / Derivatives

SGX Expands Into FX OTC Space with Another Acquisition

26/07/2021

SGX is acquiring FX trading platform MaxxTrader, paving the way for it to build an integrated and scalable FX OTC marketplace anchored in Singapore.

AML / KYC

China Names First Targets of Anti-Foreign Sanctions Law

25/07/2021

China has sanctioned former US Secretary of Commerce Wilbur Ross, 5 other individuals, and a nonprofit organisation.

AML / KYC

European Commission Presents Package of AML/CFT Reforms

23/07/2021

A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.

Fintech / Regtech

HKMA Launches Commercial Data Interchange Innovation Hub

23/07/2021

The Hub will further facilitate the development and adoption of the CDI by helping to match potential data providers and data users.

ASIC Publishes Reference Checking Protocol & Guidance

22/07/2021

The protocol and guidance will help financial advisers and mortgage brokers comply with new reference checking and information sharing obligations.

Enforcement

Singapore: Three Individuals Charged for Insider Trading

22/07/2021

The former CFO of SGX-listed Broadway Industrial Group communicated insider information to two other individuals.

Market Infrastructure

ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks

22/07/2021

The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.

Securities / Derivatives

Bursa Malaysia Proposes Rule Changes to Enhance Board Quality

22/07/2021

Bursa Malaysia proposes to limit the tenure of independent directors and require listed issues to have in place a fit and proper policy.

Market Infrastructure

CPMI, IOSCO Identify Shortcomings in FMI Business Continuity Plans

22/07/2021

Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.