Securities / Derivatives

MAS Approves Sandbox Launch of Blockchain Based Bond Exchange

07/11/2019

Singapore-based fintech BondEvalue will use a permissioned blockchain to enable electronical trading of bonds, in $1,000 denominations, with instant settlement and greater price transparency.

Enforcement

SFC Bans Former HSBC Relationship Manager for One Year

07/11/2019

The former relationship manager used incomplete application forms pre-signed by the client to effect unit trust transactions without specific authorisation.

Market Infrastructure

China, Hong Kong to Establish Wealth Management Connect Scheme

07/11/2019

The scheme will enable residents of Hong Kong and other GBA cities to invest in wealth management products in each other’s market through their respective banking systems.

Capital / Liquidity

RBI Revises NBFC Rules on Liquidity Risk Management

07/11/2019

The guidelines impose minimum LCR requirements on larger NBFCs from December 2020 and additionally seek to enhance early detection of liquidity risks in the sector.

Fintech / Regtech

FTAHK, AFIN Agree to Collaborate to Support API Exchange

07/11/2019

AFIN and FTAHK will collaborate on initiatives to support the development of financial innovations on APIX, an online marketplace and sandbox for cross-border fintech services.

Securities / Derivatives

Tokyo Exchange Goes Live with Upgraded Trading System

07/11/2019

The upgrade will reduce sudden stock price fluctuations, enable participants to more easily execute trades at closing prices, and stabilise system performance.

Fintech / Regtech

HKMA Emphasises Consumer Protection in Big Data Analytics, AI Use

06/11/2019

New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.

Big Picture

Tokenisation Could Revolutionise Traditional Finance: ASIFMA

06/11/2019

Tokenised securities will impact traditional finance and act as a bridge between legacy finance and the new digital world, taking benefits from each system, ASIFMA says in a new white paper.

Fintech / Regtech

Bursa Malaysia Completes SBL Proof-of-Concept Using Blockchain

06/11/2019

The POC was a test of a private-permissioned blockchain-driven solution for securities borrowing and lending that can enhance market discovery, efficiencies and transparency.