Payments & Settlements

SWIFT, Singapore IMDA Join Forces to Digitalise Trade Documents

06/10/2020

The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.

Conduct, Culture & Accountability

Court Orders ANZ To Pay A$10m Penalty Over Unlawful Fees

06/10/2020

The case, launched by ASIC in July 2019, related to periodic payment fees ANZ was not entitled to charge under its terms and conditions.

Market Data & Technology

JPX Forms Committee to Investigate TSE System Failure

06/10/2020

The TSE said a failure occurred in a memory module of an Arrowhead shared disk device, where operations did not switch over to a secondary device due to a device setting.

Trading & Investment

HKEX Set to Adopt Enhancements to Pre-opening Session

06/10/2020

The POS enhancements, finalised in December, involve the adoption of features from the closing auction session, with the aim of improving price discovery and trading liquidity.

Structural Regulation

ISDA Calls for Common Standards in Derivatives, SFT Markets

05/10/2020

The development of common standards and taxonomies will facilitate automation and interoperability across derivatives and SFT markets.

Liquidity Risk

HKMC Gets Expanded Credit Facility Amid First Half Loss

05/10/2020

HKMC recorded a new loss of HK$197mn for the first half of 2020. A revolving credit facility provided to HKMC through the Exchange Fund will increase from HK$30bn to HK$80bn.

Market Abuse

ASIC Bans Former Fixed Income Broker for Ten Years

05/10/2020

The ex-broker charged unpermitted spreads and traded at prices other than the agreed independent valuation on transactions entered on behalf of referred clients.

Trading & Investment

Osaka Exchange to Launch Petroleum Index Futures

05/10/2020

The new futures contract will be based on the CME Group Petroleum Index and launch by year-end, subject to regulatory approvals.

KYC & CDD

RegTech Asia 2020: Digital Identity, Benefits & Challenges

05/10/2020

How can digital identity enable real-time risk management, what are its other use cases, and what are the challenges to adoption?