Market Infrastructure

China Further Eases Restrictions on Foreign Investment

31/10/2019

China will not force foreign investors and companies to transfer their technology to their local partners, according to Vice Minister of Commerce Wang Shouwen.

Fintech / Regtech

S. Korea Launches 10-Bank Pilot of Open Banking System

31/10/2019

Initially, bank customers will be able to access services from 10 banks, before the system is expanded to other banks and fintech firms in December.

AML / KYC

AUSTRAC: Mutual Banks Face High Money Laundering Risk

31/10/2019

Mutual banks are vulnerable to money laundering due to their high exposure to cash transactions, non-face-to-face service delivery, and outsourcing of AML compliance processes.

AML / KYC

Bangladesh to Launch e-KYC for Bank Account Opening in January

31/10/2019

Account opening in Bangladesh currently takes 3-7 days. Based on pilot testing in 33 districts, the new e-KYC system will reduce this to just 5 minutes.

Securities / Derivatives

UBS Becomes First Foreign Firm to Sponsor STAR Market IPO

30/10/2019

China-based UBS Securities, now majority-controlled by UBS Group AG, was the sole underwriter for the IPO, which is also now the first STAR Market stock dually-listed in Hong Kong.

Securities / Derivatives

China Commodity Exchanges to Stop Double-counting Trade Volumes

30/10/2019

The SHFE, DCE and ZCE will all move to reporting on a single-count basis from 1 January 2020, in a bid to converge with international standards.

ASIC Extends Deadline for Super Fund Portfolio Disclosures

30/10/2019

The first reporting day for portfolio holdings disclosure was set for 31 December this year, but the regulations which set out how this disclosure is to be organised have not yet been made.

Market Infrastructure

BOJ Calls for Applications from Aspiring Benchmark Administrators

30/10/2019

The BOJ committee is soliciting entities that can begin calculating and publishing term structures based on JPY overnight index swaps as prototype rates.

AML / KYC

FATF Begins Assessment of Japan’s AML Regime

30/10/2019

For the first time, cryptocurrency exchanges will also subject to the review, the first assessment of Japan’s AML system in 11 years.